Xavier Niel Acquires Significant Stake in Vodafone, Driving Stock Up Nearly 13%
French billionaire Xavier Niel acquired a roughly 16% stake in Vodafone for $6 billion through his investment vehicle Vega. The purchase led to an almost 13% surge in the company's American Depositary Receipts (ADRs) on Friday, as investors reacted positively to the strategic move.
Tickers: $VOD
Topics: investment stock price movement telecom