The Wall Street Journal and Reuters have reported that Verizon (NYSE:VZ) is readying its bid to buy the 45% share of Verizon Wireless owned by Vodafone (NASDAQ:VOD). Verizon has made no secret that it would like to own all of Verizon Wireless as it provides the bulk of the U.S. carrier's operating profit.
Vodafone, however, may want more than Verizon is willing to pay. Right now, according to the anonymous sources cited by those news outlets, there is a $30 billion difference between what Verizon would offer and what Vodafone wants.
To make things a bit more interesting, last month the Financial Times reported that Verizon was working on a possible partnership with AT&T (NYSE:T) to buy out Vodafone completely.
There have been no confirmations of any deals from the companies involved.
For more information, check out the following video.
Fool contributor Dan Radovsky owns shares of AT&T. The Motley Fool recommends Vodafone. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
More from The Motley Fool
3 Dividend Stocks Perfect for Retirees
Microsoft, Home Depot, and AT&T are dividend-paying stocks that could help make your retirement dreams a reality.
2018: The Year of Lightning-Fast 5G?
For smartphone users, 5G is a massive step forward; 13 cities will have access this year.
Retired? 2 Stocks You Should Consider Buying
These companies deliver both solid fundamental growth and generous dividends.