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Wednesday, March 6, 2013

Vodafone jumps on speculation about Verizon merger talks.

Vodafone (VOD) shares surged 6.6% in London following a report yesterday that it has been in talks about merging with Verizon (VZ), whose real goal is to take full control of Verizon Wireless. However, discussions have stalled over "disagreements on leadership and headquarters location." That apparently makes a buyout or partial sale of Vodafone's 45% stake in Verizon Wireless - estimated to be worth $115B - more likely.

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