Market Overview

Report: Vodafone Said To Be Eyeing Merger With Liberty Global

Report: Vodafone Said To Be Eyeing Merger With Liberty Global

According to UK-based Daily Mail, Vodafone Group Plc (ADR) (NASDAQ: VOD) is working on a "mouth-watering" £140 billion ($207 billion) merger with Liberty Global plc - Class A Ordinary Shares (NASDAQ: LBTYA).

The Daily Mail stated that "dealers now hear" Liberty's Chairman John Malone has "instigated new merger talks." Meanwhile, Vodafone and Liberty bosses "have been meeting major investors to gauge what their appetites may be for a friendly merger."

Shares of Vodafone were trading higher by 2.27 percent at $32.85 following the Daily Mail's report, while shares of Liberty Global were higher by 2.55 percent at $41.47 at the same time.

Image Credit: "Abandoned Vodafone shop, Commercial Street, Leeds (11th April 2011)" by Mtaylor848 - Own work. Licensed under CC BY-SA 3.0 via Wikimedia Commons.

Posted-In: Daily MailLong Ideas News Short Ideas Rumors Trading Ideas


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