Verizon’s eyes are set on Vodafone. Therefore, it is generating funds amounting to about $10 billion from a number of banks. The short term goal is to raise $60 billion. The two companies have begun negotiationsover price. Back in April, Verizon had tried to raise a $100 billion bid. Then the experts prognosticated that $100 billion was too low.
According to WSJ, Vodafone required at least $120 billion. Several factors ranging from changes in economic conditions to fluctuations in interest rates made the two companies decide upon such a venture. Vodafone actually wants to sell its 45% stake in Verizon Wireless to Verizon Communications Incorporated. Currently, though there is no guarantee that such a transaction will occur.
Both Verizon and Vodafone have tried to solve their problems and many times they have come close to a merger. This time around that wish just might become a reality. Verizon’s stock reached an all-time high recently thereby giving it leverage. Meanwhile, Vodafone saw profits plummet and so it would be doing itself a favor by merging with Verizon.
Apple says celebrity accounts were compromised
The attack was described by Apple as "all too common on the Internet." However, the company is denying earlier reports that its iCloud servers and Find my iPhone service were undermined.
The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.
The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.