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Vodafone's Stake in Verizon Wireless to be Bought by Verizon For $130 Billion

Verizon, the U.S.' largest mobile operator, recently announced plans to buy out Vodafone's stake in the U.S. wireless business; this means that full ownership over Verizon Wireless will be given to the telecommunications giant.

As a result of the deal, $130 billion will be paid in cash and stock in return for 45 percent of Vodafone's stake in the Verizon Wireless business. The deal is expected to close in Q1 of next year.