Verizon Communications secured the entire Verizon Wireless unit in a $130 billion deal with Vodafone.
Debtquake: A Lesson From Verizon’s Massive Buyout
September 4, 2013 • From theTrumpet.com
When interest rates rise, what will happen to the economy?
Verizon Communications announced what may be the biggest corporate acquisition in world history, on Monday. UK-based Vodafone agreed to sell its 45 percent stake in Verizon Wireless to Verizon Communications for a whopping $130 billion.
The return of mega-mergers and buyouts might be construed as a sign the economy is heading for a new era of prosperity, but in actuality it signals a dangerous new era.
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