Verizon Wireless Deal Comes With Biggest Breakup Fee Too

The Verizon Wireless mega-deal is full of records: Add biggest break-up fee to the list. If the deal was to collapse because Verizon Communications is unable to complete its historic debt fundraising, possibly as much as $50 billion, Verizon would pay Vodafone a $10 billion breakup fee, according to filings. That would be the biggest fee by dollar amount ever agreed on, according to Dealogic. The markets will be tested as Verizon plans the largest dollar bond sale ever, likely at least $20 billion as well as other bonds abroad.