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September 02, 2013 AT 4:19 AM
Verizon and Vodafone reportedly came to terms over the weekend and will jointly announce an historic deal in which Verizon will exchange $60 billion in cash, $60 billion in stock and $10 billion in smaller transactions for Vodafone's 45% stake in Verizon Wireless. The $130 billion deal will bring an end to years of clashing corporate cultures and will finally see Verizon take over complete control of the largest wireless carrier in the U.S..