Verizon nears $130 billion wireless deal, to finance about $65 billion: sources

Sign of Verizon Wireless is seen at its store in WestminsterBy Soyoung Kim and Michelle Sierra (Reuters) – Verizon Communications is near a $130 billion deal to buy out the 45 percent stake in Verizon Wireless it does not already own from Vodafone Group Plc and plans to raise about $65 billion to fund the purchase, people familiar with the matter said on Saturday. Boards of Verizon and Vodafone are each expected to meet this weekend to approve the proposed transaction, which could be announced on Monday, the people said. …

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Verizon nears $130 billion wireless deal, to finance about $65 billion: sources

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