Business

Verizon Makes Blockbuster Bond Sale To Buy Vodafone

NPR | Sept. 11, 2013 2:59 p.m.

Contributed By:

Jim Zarroli

Verizon is spending $130 billion to buy out Vodafone’s stake in Verizon Wireless. It’s planning to pay about half that amount in cash, so it’s started raising cash with an enormous bond issue of more than $40 billion.

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