Verizon up, despite Vodaphone denial


Is Verizon, which is busy rolling out its FiOS competitor to cable and cutting content deals for it and wireless phones with lots of media companies, a takeover target? Verizon's stock jumped 11% in pre-market trading yesterday after a Financial Times blog reported that Vodaphone was preparing a 160 billion bucks takeover bid – and it still closed up about 2% after UK-based Vodaphone denied that any such thing is in the works. Vodaphone already holds a large stake in Verizon Wireless, so it was not such a stretch for investors to believe that it might want to make a play for its partner in that venture.