Verizon offers $40bn for Vodafone stake in Verizon Wireless

We new this was coming and there was a strong hint last week. Vodafone has some issues right now that it needs to resolve quickly. Vodafone is having to answer some big question right now. It hasn’t done a lot over the last 18 months and has only put part’s of it’s business up for sale. It sold off part of it’s Nordic operation to Telenor recently, it’s Japan business is up for sale and now Verizon have placed a value of $40bn on it’s vodafone’s stake in the joint venture it was. I guess that values the current JV at approx $70bn. [via]

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