Vodafone Stock Surges Over 13% After Xavier Niel Acquires Significant Stake
Vodafone's stock rose nearly 13% after French billionaire Xavier Niel acquired a 16% stake in the company through his family investment vehicle Vega for approximately $6 billion. The deal, which makes Niel Vodafone’s largest shareholder, is part of his broader strategy to invest in global telecom companies and requires regulatory approval.
Tickers: $VOD
Topics: Iliad telecom investment Vodafone Xavier Niel