Verizon Communications - M&A Summary and Business Overview

CommunicationsCompany

Verizon Communications M&A Summary

Verizon Communications has acquired 37 companies, including 6 in the last 5 years. A total of 10 acquisitions came from private equity firms. It has also divested 13 assets.

Verizon Communications’ 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 Parent for $10.5B. Verizon Communications has acquired in 15 different US states, and 3 countries. The Company’s most targeted sectors include communications (39%) and information technology (21%).

Verizon Communications Business Overview

Where is Verizon Communications headquartered?

Verizon Communications is headquartered in New York, New York.

What is Verizon Communications’ revenue?

Verizon Communications disclosed revenue of 136,835M USD for 2022 and 133,613M USD for 2021.

How many employees does Verizon Communications have?

Verizon Communications has 130,100 employees.

What sector is Verizon Communications in?

Verizon Communications is a communications company.

When was Verizon Communications founded?

Verizon Communications was founded in 1983.

M&A Summary

  • M&A Total Activity47
    • M&A Buy Activity34
    • M&A Sell Activity13
  • Total Sectors Invested 8
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 25
  • M&A Advisors 20

Verizon Communications

Verizon Communications, Inc.

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

Verizon Communications 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 Communications was founded in 1983 and is based in New York, New York.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 30 3 1 - - - 34
vol $123.1B $400M $123.5B
Sell (0.6/yr) # 10 - 2 1 - - 13
vol $24.3B $5.0B $300M $29.6B
  47

Most Recent M&A

Company Date Value Type
EdgeCast Networks, Inc. 2022-03-07 300M USD Divestiture
Los Angeles, California · www.edgecast.com
Complex Media, Inc. 2021-06-24 - Divestiture
New York, New York · www.complexnetworks.com
Senion AB 2021-06-21 - Add-on Acquisition
Linköping, Sweden · www.senion.com
Yahoo! 2021-05-03 5.0B USD Divestiture
Sunnyvale, California · www.yahooinc.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
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
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 (38%) 109.3B (88%) 7 (54%) 24.3B (82%)
Information Technology 7 (21%) 1.8B (1%) 3 (23%) 300M (1%)
Internet Software and Services 6 (18%) 11.8B (10%) 1 (8%) 5.0B (17%)
Software 3 (9%) - - -
Technology Hardware 2 (6%) 612M (< 1%) - -
Digital Media 1 (3%) - 1 (8%) -
Business Services 1 (3%) - - -
Media 1 (3%) - - -
Marketing - - 1 (8%) -
Total 34 $123.5B 13 $29.6B

By Geo

State/Country Buy Value Sell Value
United States 32 123.5B 13 29.6B
  California 10 5.4B 2 5.3B
  New York 4 4.4B 5 22.7B
  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 - - -
Sweden 1 - - -
Domestic 32 (94%) 123.5B (100%) 13 (100%) 29.6B (100%)
Cross-border 2 (6%) - - -
Total 34 $123.5B 13 $29.6B

Top M&A Advisors

Financial Deals
Guggenheim Securities
2
LionTree Advisors LLC
2
PJT Partners, Inc.
2
Legal Deals
Debevoise & Plimpton
7
Weil Gotshal & Manges
3
Perkins Coie 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
$100M to $1B 1 $300M
TOTAL $29.6B
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)
15%
2 (15%)
Strategic(s)
77%
10 (77%)

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