You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to www.journalgazette.net/newsletter and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

Business

  • GateHouse Media parent to buy Providence Journal
    The parent company of Gatehouse Media LLC on Tuesday announced an agreement to buy The Providence Journal and related print and digital assets from A.H. Belo Corp. for $46 million cash.
  • New F-150 can compete with Silverado, Ford says
    DEARBORN, Mich. – Ford said its aluminum-sided F-150 pickup will hold its own against rivals despite its lighter weight.
  • Beer trend reversal brewing
    RICHMOND, Va. – Helping to quench a growing thirst for American craft beer overseas, some of the United States’ largest craft breweries are setting up shop in Europe, challenging the very beers that inspired them on their
Advertisement

Verizon gets OK for $130 billion Vodafone deal

NEW YORK – Verizon says its shareholders have approved its $130 billion deal to buy the 45 percent stake in its wireless division owned by British cellphone carrier Vodafone.

As part of the deal, Verizon will issue up to 1.28 billion shares of common stock to Vodafone shareholders. Vodafone Group PLC shareholders also approved the deal at a meeting held earlier Tuesday.

New York-based Verizon Communications Inc. says buying Vodafone’s stake will give it greater flexibility to invest in new technologies. Once the deal closes, it will no longer have to share its wireless operating profits with Vodafone.

The deal, which is expected to around Feb. 21, needs court approval in the United Kingdom, among other customary closing conditions.

Advertisement