Verizon/Vodafone deal hits $30 billion disagreement

Verizon’s planned bid to buy Vodafone out of their joint venture has run into a rather substantial price disagreement.

According to Verizon, Vodafone’s 45% stake in Verizon Wireless is worth $100 billion, whilst Vodafone claims that the stake is worth more than $130 billion. Vodafone’s execs claim that selling their stake could result in a $10 billion tax bill. By making the disagreement public, its likely that Verizon hopes to pressurize Vodafone’s board into accepting Verizon’s offer.

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Verizon’s deal with Vodafone now stands on hold until one company relents to the demands of the other, although a compromise is more than likely because there are incentives to be had on both sides of the deal.

Via: WSJ

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