Verizon Poised to Announce $130 Billion Vodafone Accord

Verizon Communications Inc. is poised to announce an agreement as soon as today to acquire Vodafone Group Plc’s 45 percent stake in their wireless venture for $130 billion, capping its decade-long pursuit of full control of the biggest U.S. mobile-phone company.

The $130 billion price will be paid in a combination of cash and Verizon’s stock, Vodafone said in a statement, describing the talks as “advanced.” Verizon’s board will vote on the terms of the agreement today, said a person familiar with the matter, asking not to be identified because the details haven’t been made public. Vodafone’s board has signed off on the deal, another person said.