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Vodafone entered the fray on January 7 with a bid of around $fifty five billion, or $89 per share. Negotiations continued for the following several days till, on January 15, Vodafone agreed to pay $ninety seven per share, for a total of $62 billion. That value was 33% more than Bell Atlantic’s authentic provide and forty three% more than AirTouch’s share value before the first rumors of Bell Atlantic’s provide had surfaced. Implicit in the deal was the fact that for its shareholders to interrupt even, Vodafone must discover price savings and revenue generators price no less than $20 billion. Yet the market preferred this deal very a lot. Throughout the course of this bidding conflict, Vodafone’s inventory worth actually increased some 14%.
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