Verizon Communications (VZ - Get Report) is said to be considering a $100 billion bid for Vodafone's (VOD) stake in Verizon Wireless. Verizon, which already own 55% of the company, would assume full ownership if the deal goes through. The company has not made a formal bid at this point, but Reuters cited sources that say Verizon has hired banking and legal advisers to explore a potential bid. The sources said Verizon plans to raise about $50 billion of bank financing and pay for the remainder of the deal with its own shares. According to the sources, Verizon is expected to discuss details of the potential deal at a meeting next week.
Verizon is the biggest U.S. wireless carrier. The company's shares have climbed about 20% this year on strength in its wireless business.
Google (GOOG - Get Report) has offered to make changes to its search display in Europe to appease antitrust regulators. Google said it would make changes including labeling its promoted content more clearly and displaying links to competitors for five years. The move comes as the company tries to settle a nearly three-year antitrust investigation by the European Union. The EU has been concerned that Google is abusing its dominant position in the market and favoring its own search results over those of its competitors.