Vodafone in talks with Verizon to sell out of U.S. venture

LONDON (Reuters) - Vodafone Group PLC said on Thursday it was in talks with Verizon Communications Inc to sell its 45 percent stake in their U.S. joint venture Verizon Wireless for what a Bloomberg report said would be about $130 billion. Verizon is working with several banks to raise $10 billion from each to finance about $60 billion of the deal and an announcement could come as soon as September 2, two sources told Bloomberg. (http://link.reuters.com/raz62v) The stake in Verizon Wireless, the leader in the U.S. ...

via Tech News Headlines - Yahoo! News http://news.yahoo.com/vodafone-says-talks-verizon-wireless-stake-065618131.html