Verizon Mergers and Acquisitions Summary

Communications Company

Verizon has acquired 36 companies, including 20 in the last 5 years. A total of 10 acquisitions came from private equity firms. It has also divested 11 assets.

Verizon’s largest acquisition to date was in 2000, when it acquired GTE for $64.7B. It’s largest disclosed sale occurred in 2015, when it sold Verizon Communications - Wireline Operations in California Florida and Texas to Frontier Communications for $10.5B. Verizon has acquired in 15 different US states, and 2 countries. The Company’s most targeted sectors include communications (40%) and information technology (19%).

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M&A Summary

  • M&A Total Activity44
    • M&A Buy Activity33
    • M&A Sell Activity11
  • Total Sectors Invested 7
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 25
  • M&A Advisors 23

Verizon Communications, Inc. (Verizon)

1095 Avenue of the Americas,
New York, New York 10036
United States,
(212) 395-1000
www.verizon.com

Verizon is a provider of communications, information, and entertainment products and services to consumers, businesses and governmental agencies. Verizon offers voice, data and video services and solutions on wireless and wireline networks that are designed to meet customers’ demand for mobility, network connectivity, security and control. Verizon dates back to 1983 and is based in New York City. Verizon was founded in 1983 and is based in New York, New York.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (2.0/yr) # 23 3 3 1 3 - 33
vol $119.8B $3.3B $400M $123.5B
Sell (0.4/yr) # 9 1 - - - 1 11
vol $24.3B $5.0B $29.3B
  44

Most Recent M&A

Company Date Value Type
Verizon Media 2021-05-03 5.0B USD Divestiture
New York, New York · www.verizonmedia.com
Bluegrass Cellular 2020-10-19 - Add-on Acquisition
Elizabethtown, Kentucky · www.bluegrasscellular.com
TracFone Wireless, Inc. 2020-09-14 - Divestiture
Miami, Florida · www.tracfonewirelessinc.com
Blue Jeans Network 2020-04-16 400M USD Add-on Acquisition
Mountain View, California · www.bluejeans.com
ProtectWise, Inc. 2019-03-01 - Add-on Acquisition
Denver, Colorado · www.protectwise.com
Moment 2018-04-19 - Add-on Acquisition
New York, New York · www.momentdesign.com
Movildata Internacional SL 2018-01-24 - Add-on Acquisition
Murcia, Spain · www.movildata.com
Niddel Corp. 2018-01-05 - Add-on Acquisition
San Mateo, California · www.niddel.com
WideOpenWest LLC - Chicago Fiber Network 2017-08-01 225M USD Divestiture
, United States
Straight Path Communications, Inc. 2017-05-11 3.1B USD Add-on Acquisition
Glen Allen, Virginia · www.spathinc.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Verizon Digital Media Services, Inc.    - The Huffington Post 2020-11-19 3
Los Angeles, California · www.verizondigitalmedia.com New York, New York · www.huffingtonpost.com
Verizon Digital Media Services, Inc.    - MapQuest, Inc. 2019-10-01 2
Los Angeles, California · www.verizondigitalmedia.com Denver, Colorado · www.mapquest.com
Verizon Digital Media Services, Inc.    - Tumblr, Inc. 2019-08-12 1
Los Angeles, California · www.verizondigitalmedia.com New York, New York · www.tumblr.com
Yahoo! 2016-07-25 flickr 2018-04-20 1
Sunnyvale, California · www.yahoo.com Sunnyvale, California · www.flickr.com
Oath, Inc.    - Polyvore, Inc. 2018-04-05 1
New York, New York · www.oath.com Mountain View, California · www.polyvore.com

M&A by Sector

Sector Buy # Value Sell # Value
Communications 13 (39%) 109.3B (88%) 7 (64%) 24.3B (83%)
Information Technology 6 (18%) 1.8B (1%) 2 (18%) -
Internet Software and Services 6 (18%) 11.8B (10%) - -
Software 3 (9%) - - -
Media 2 (6%) - 1 (9%) 5.0B (17%)
Technology Hardware 2 (6%) 612M (< 1%) - -
Business Services 1 (3%) - - -
Marketing - - 1 (9%) -
Total 33 $123.5B 11 $29.3B

By Geo

State/Country Buy Value Sell Value
United States 32 123.5B 11 29.3B
  California 10 5.4B - -
  New York 4 4.4B 5 27.7B
  Virginia 3 11.6B 2 -
  Massachusetts 2 2.4B - -
  Florida 2 1.4B - -
  Arkansas 1 28.1B 1 -
  Oregon 1 - - -
  Ohio 1 210M - -
  Minnesota 1 2.7B - -
  Kentucky 1 - - -
  Georgia 1 612M - -
  District of Columbia 1 - - -
  Connecticut 1 64.7B - -
  Colorado 1 - - -
  Texas - - 1 -
  Hawaii - - 1 1.6B
Spain 1 - - -
Domestic 32 (97%) 123.5B (100%) 11 (100%) 29.3B (100%)
Cross-border 1 (3%) - - -
Total 33 $123.5B 11 $29.3B

Top M&A Advisors

Financial Deals
Guggenheim Securities
2
LionTree Advisors LLC
2
Goldman Sachs Investment Banking Division
2
Legal Deals
Debevoise & Plimpton LLP
7
Weil Gotshal & Manges LLP
3
Kirkland & Ellis LLP
1

Deal Values

buy # Total
> $1B 10 $121.9B
$100M to $1B 5 $1.6B
TOTAL $123.5B
Largest GTE Corporation
$64.7B (2000-06-16)
sell # Total
> $1B 5 $29.3B
TOTAL $29.3B
Largest Verizon Communications Inc. - Wireline Operations in California, Florida and Texas
$10.5B (2015-02-05)

M&A Connections

Deals
Acquired from
Investor(s)
21%
7 (21%)
Strategic(s)
18%
6 (18%)
Divested to
Investor(s)
18%
2 (18%)
Strategic(s)
73%
8 (73%)

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