Thursday, 27 July 2017

M&A in 2013: Big names and big money

By Total Telecom staff
Monday 23 December 13

Vodafone's $130 billion withdrawal from the US and Microsoft's Nokia takeover dominated the headlines in 2013, but the year also brought other takeover deals of note.

VERIZON BUYS OUT VODA After years of speculation, in September Vodafone agreed to sell its 45% stake in Verizon Wireless to Verizon for $130 billion. The FCC approved the deal in December and, pending shareholder approvals, it is expected to close in Q1. <more> NOKIA SELLS DEVICES UNIT Also in September, Microsoft agreed a €5.44 billion deal to acquire Nokia’s mobile phones business. When the deal closes the Finnish vendor will be left with NSN, mapping unit Here and a patents portfolio. <more> SOFTBANK SPRINTS INTO US Japan’s Softbank took control of US operator Sprint in July after a protracted battle with satellite firm Dish Network. The $21.6 billion deal left Sprint with $5 billion in cash and gave Softbank a 78% stake. <more> AMERICA MOVIL’S KPN BID Mexico’s America Movil made a €7.2 billion offer to take control of Dutch operator KPN…

VERIZON BUYS OUT VODA After years of speculation, in September Vodafone agreed to sell its 45% stake in Verizon Wireless to Verizon for $130 billion. The FCC approved the deal in December and, pending shareholder approvals, it is expected to close in Q1. <more> NOKIA SELLS DEVICES UNIT Also in September, Microsoft agreed a €5.44 billion deal to acquire Nokia’s mobile phones business. When the deal closes the Finnish vendor will be left with NSN, mapping unit Here and a patents portfolio. <more> SOFTBANK SPRINTS INTO US Japan’s Softbank took control of US operator Sprint in July after a protracted battle with satellite firm Dish Network. The $21.6 billion deal left Sprint with $5 billion in cash and gave Softbank a 78% stake. <more> AMERICA MOVIL’S KPN BID Mexico’s America Movil made a €7.2 billion offer to take control of Dutch operator KPN…

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