July 16th, 2007
Certainly Is A LOT Of Money Out There
Verizon? Vodaphone? $160 Billion? $78.5 Billion?
It may be that I live a very sheltered life because I’d never heard of Vodaphone prior to right now. And the only comprehension I have of those amounts of money is that they are numbers I have no comprehension of…
Larry Dignan at Between The Lines tells us that Vodaphone says they’re “Not Buying Verizon.”
“The Financial Times reports that Vodafone is pondering a $160 billion acquisition of Verizon. Vodafone says yeah right. But a weak dollar could make the deal possible.”
Citing a statement by Vodaphone - “Vodafone notes press speculation that it is considering a possible offer for Verizon Communications. Vodafone wishes to make it clear that it has no plans to make such an offer” - Larry points out that “Currently, Verizon Wireless is a joint venture between Verizon and Vodafone” which is something else I didn’t know. (There’s a lot I don’t know, smile)
Tags:leveraged buyout Verizon Wireless Vodaphone weak dollar
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