Sprint Nextel Corp. (NYSE: S) announced Dec. 17 Clearwire Corp. (NASDAQ: CLWR) accepted its bid to buy the remaining 50-percent stake in the company it does not already own for $2.97 per share—an increase over its original Dec. 13 offer of $2.90 a share. The $2.2 billion price is 128 … [Read more...]
Sprint Purchases Remaining Stake in Clearwire Where Will This Leave Investors
Sprint Nextel Corporation (NYSE: S) announced today that it would be purchasing the remaining stake of Clearwire Corporation (NASDAQ:CLWR). The deal comes after Sprint entered a partnership with SoftBank, giving Sprint access to more capital. As for the remaining stake in Clearwire, … [Read more...]
