Sprint to acquire remaining Clearwire stake, reports indicate

Sprint to acquire remaining Clearwire stake, reports indicate

Sprint is nearing a deal which will see the carrier purchasing the remaining stake of Clearwire, according to new reports. Said to be close to wrapping up by the end of the year, Sprint could acquire the 49% of the company (~488 million shares) owned by the public. Reportedly, Sprint has been rather busy as of late, working with Clearwire’s bigger shareholders and hoping to purchase the stock at roughly $3 per share.

WHILE A DEAL IS NOT IMMINENT, THE TWO COMPANIES ARE INVOLVED IN ACTIVE NEGOTIATIONS AND COULD ANNOUNCE AN AGREEMENT PRIOR TO THE END OF THE YEAR. GIVEN THE COMPLEXITY OF THE RELATIONSHIP BETWEEN THE TWO COMPANIES, THE GOVERNANCE AGREEMENTS, THE OWNERSHIP STRUCTURE, NOT TO MENTION SPRINT’S PENDING DEAL TO SELL A MAJORITY STAKE TO SOFTBANK, WHILE SOURCES CAUTION THAT A CLEARWIRE ACQUISITION IS STILL FRAUGHT WITH DIFFICULTY.

CNBC

About author

Scott Webster
Scott Webster 6570 posts

Scott has been running AndroidGuys since 2007 and loves nothing more than reading up on the latest smartphone rumors. His other mobile efforts can be found on Android Update (CNET) where he covers Google's mobile platform.

You might also like

News and Rumors

Droid 2 Gets First OTA Update

The Droid 2 was only released about 2 weeks ago and it’s already getting its first OTA update. No, it’s not anything major. It’s just a maintenance upgrade to help

News and Rumors

Motorola is Working on a Google Phone

It doesn’t come as a surprise, but Motorola CEO Sanjay Jha confirmed today that his company is working in partnership with Google on an Android phone to be sold directly

News and Rumors

Nordisk Releases Free Version of Marbians

Nordisk Film Games Publishing has released a free version of their popular retro, marble-themed puzzler, The Marbians. If you were on the fence, debating whether or not to drop a

2 Comments

Leave a Reply