Verizon Agrees to $130 Billion Vodafone Deal

Verizon Communications Inc. (VZ) agreed to buy Vodafone Group Plc (VOD)’s 45 percent stake in Verizon Wireless for $130 billion, getting full control of the most profitable U.S. mobile-phone carrier in the biggest acquisition in more than a decade.

The deal, sought by Verizon since at least 2004, implies a total value for Verizon Wireless of almost $290 billion — larger than the market capitalization of Google Inc. or the gross domestic product of Singapore.

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