Telefónica announced plans to acquire O2 Plc, the largest mobile-phone operator in the UK, for GBP 17.7 billion ($31.5 billion). The bid represented a 22% premium over Friday’s closing prices. O2 plc has 100% ownership of mobile network operators in three countries – the UK, Germany and Ireland – as well as a leading mobile … Continue reading Telefónica Bids $31.5 Billion to Acquire O2