Vodafone In Talks With Verizon On Sale Of Wireless Stake

Law360, New York (August 29, 2013, 11:14 AM EDT) -- British mobile giant Vodafone Group PLC confirmed Thursday it is in talks with Verizon to sell its stake in their Verizon Wireless partnership, setting the stage for what would be one of the largest M&A deals ever.

Reuters reported discussions around a $130 billion price tag for Vodafone's 45 percent stake, which would value Verizon Wireless at about $290 billion.

“There is no certainty that an agreement will be reached,” Vodafone said in a short statement.

If a sale occurs, it would end a 13-year-old partnership...
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