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NEW YORK (AFP) – Verizon plans a record $49 billion bond sale as it gathers financing to buy Vodafone’s stake in their Verizon Wireless joint venture, a person familiar with the matter said Wednesday.

The bond offering, which had originally been scaled to $25 billion before being increased, was expected to be priced and sold to investors Wednesday, the person told AFP.

The potential bond sale comes as Verizon seeks to finance its $130 billion buyout of Vodafone’s 45 percent stake in Verizon Wireless, the largest U.S. wireless provider. The partners announced the deal last week.

A Verizon spokesman declined comment.

If successful, the proposed bond sale would far surpass Apple’s $17 billion bond sale launched in April.

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Protesting the gun lobby's control over Republican officials

Photo by Colin Lloyd on Unsplash

Reprinted with permission from American Independent

Congressional Republicans are slamming President Joe Biden's recent executive actions on gun control in the wake of two mass shootings as unnecessary and counterproductive, and claim further restrictions on ownership are not the answer to gun violence.

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