Vodafone to return $84B of $130B Verizon buyout to shareholders

The deal has finally been agreed to, which means that Verizon is on the hook to pay $130 billion in stock and cash to purchase the 45% stake in Verizon Wireless that had been owned by Vodafone. Vodafone had paid $70 billion for the stake back in 1999, and even with inflation that only comes out to about $98 billion in 2013 dollars. But, Vodafone isn't going to be using any of this new cash for any major acquisitions...

Source: http://www.phonearena.com/news/Vodafone-to-return-84B-of-130B-Verizon-buyout-to-shareholders_id46986

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