Vodafone Confirms in Talks to Sell Verizon Wireless Stake

NEW YORK ( TheStreet) -- Vodafone ( VOD) confirmed Thursday it is in talks with Verizon Communications ( VZ) to sell its 45% stake in their joint venture, Verizon Wireless.

The Wall Street Journal reported Wednesday that the two companies had rekindled discussions in a deal that likely would cost Verizon well more than $100 billion. The Journal report cited people familiar with the matter.

Vodafone said Thursday there is no certainty an agreement will be reached.

-- Written by Joseph Woelfel

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