VIDEO: Verizon Nears $130 Billion Wireless Deal, To Finance About $65 Billion

Verizon Communications is near a $130 billion deal to buy out the 45 percent stake in Verizon Wireless it does not already own from Vodafone Group and plans to raise about $65 billion to fund the purchase. Boards of Verizon and Vodafone are each expected to meet soon to approve the proposed transaction.