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Verizon Said Near $130 Billion Buyout of Vodafone Venture

Verizon Communications Inc. is in advanced talks to acquire Vodafone Group Plc’s 45 percent stake in their U.S. wireless venture for about $130 billion, according to people with knowledge of the matter.

Verizon is working with several banks to raise $10 billion from each, or enough to finance about $60 billion of a buyout of Verizon Wireless, said two of the people, who asked not to be identified because the talks are private. An announcement could come as soon as Sept. 2, said the people.