Canadian wireless startup Mobilicity confirmed on Wednesday that it is in discussions with multiple parties in connection with a potential acquisition.The struggling company, legally known as Data & Audio-Visual Enterprises Holdings Inc, is in talks with U.S. telecommunications behemoth Verizon Communications Inc, among others, a source told Reuters last month.Mobilicity also said it has again adjourned its debtholder vote on a previously announced recapitalization plan, which had been scheduled for later Wednesday, in light of the discussions.The company said it is "working diligently to reach an acquisition agreement" but it may reconvene the recapitalization plan vote should the talks regarding a takeover, not pan out.
Verizon Communications Inc. (Verizon) is a holding company. Shares of VZ remained unchanged at $50.96. In the past year, the shares have traded as low as $40.51 and as high as $54.31. On average, 12411500 shares of VZ exchange hands on a given day and today's volume is recorded at 3600.
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