Verizon wins $130B battle of Britain, sends Vodafone home

Verizon has finally sent V▨odafone back to Britain.

The Gotham-based telecom giant detailed terms of its $130 billion stake purchase, ending a 14-year partnership that was often ma✱rkꦗed by squabbling.

The cash-and-stock deal — the third-largest in world history — will transfer Vodafone’s 45-percent stake in Verizon Wireless to its namesake company, the nation’s large𒐪st mobile carrier.

Vodafone w🏅ill get $58.9 billion in cash, $60.2 billion in Verizon stock, and an additional $11 billion from smaller trℱansactions in a deal set to close in the first quarter of 2014.

The acquisition will give Verizon full access to the꧃ wireless unit’s profits as competition from rival AT&T continues to escalate. The UK-based telecom, meanwhile, is expected to issue a massive dividend to shareholders and use the rest of the cash hoard to get🥃 a leg up on rivals in Europe.

The deal ends a fractious relationship betwee🅘n the goliaths, which frequently ha🍸d fought over Verizon Wireless’ cash and who would ultimately own the profitable carrier.

Talks heated up this summer as Veriz💞on showed wi🍃llingness to up an earlier bid of $100 billion amid concerns about its own declining stock price and the health of the debt markets, according to reports.

Verizon CEO Lowell McAd🐠am yesterday told Reuters he and Vodafone CEO Vittorio Colao realized they were close to a deal after they spent the morning together in a hotel in San Francisco, chatting while on exercise bikes in the gym and later over breakfast.

The deal is expected to 🍎increase Verizon’s earnings per share by 10 percent. Still, the pricey acquisition could tie its hands in the near term should other target☂s surface, analysts said.

Verizon has also managed to raise one of the largest ever financing packages at $60 billion, financed by Barclays, Bank of America Merrill Lynch, JPMorgan and Morgan Stanley. Goldm🍎an Sachs and UBS advised Vodafone.