Vodafone shares dip as Verizon denies $245 billion takeover rumors

well we await the main news..


Well, that was quick. On Tuesday, the buzz was that Verizon(s vz) and AT&T(s t) were thinking of bidding an eye-watering $245 billion for the UK-based carrier Vodafone(s vod). If true, this would have represented the biggest M&A transaction ever.

However, late on Tuesday evening Verizon issued the following statement, which keeps alive the perennial possibility of Verizon buying out Voda’s stake in their joint venture, Verizon Wireless, but which is also pretty categorical on the latest rumor:

“As Verizon has said many times, it would be a willing purchaser of the 45 percent stake that Vodafone holds in Verizon Wireless. It does not, however, currently have any intention to merge with or make an offer for Vodafone, whether alone or in conjunction with others.”

The denial knocked down Voda’s share price by – at the time of writing – 2.2 percent on intra-day trading. That said, according to Bloomberg

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8 thoughts on “Vodafone shares dip as Verizon denies $245 billion takeover rumors

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