Sunday, September 01, 2013 7:36 pm
News Summary: Vodafone in talks with Verizon
By The Associated Press
THE CONTEXT: It would be the second-largest acquisition deal on record if it goes through, but there is no guarantee a deal will be struck. If completed, it would give Vodafone additional cash to pursue its expansion in Europe. It would also give Verizon Communications the opportunity to boost its quarterly earnings.
WHAT'S NEXT: If terms are agreed upon, Vodafone says an announcement will be made "as soon as practicable."