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Verizon Communications is preparing a $100 billion cash and stock bid to take full control of Verizon Wireless from Vodafone Group, reports Reuters. Verizon’s board is expected to discuss the potential buyout next week ahead of its annual shareholder meeting.

Verizon Communications and UK-based Vodafone formed Verizon Wireless as a joint venture in 1999. Though Verizon has not yet made an official proposal to Vodafone, it has hired banking and legal advisers, according to Reuters’ sources. The company currently owns 55 percent of Verizon Wireless. Though it’s uncertain if Vodafone is interested in the deal, Verizon is prepared to take a bid public if negotiations don’t come to fruition.

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!Verizon1

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.Click link below for article:

http://techcrunch.com/2013/04/24/verizon-wireless-buyout/

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