Sprint bids $2.1 billion for Clearwire buyout

Sprint bids $2.1 billion for Clearwire buyout

Sprint has formally offered $2.1 billion for the remaining 48.3 percent of Clearwire stake, according to Reuters. Pending acceptance and regulatory approval, Sprint will end up paying $2.90 per share for the deal, a slight premium over the closing price from yesterday. The transaction is expected to finalize only after Softbank’s purchase of a majority share of Sprint.

Sprint owns more than 50 percent of Clearwire and the bid for the rest values the total company at around $4.2 billion. Cash-strapped Clearwire, which also counts Sprint as its biggest customer, has long been seen by analysts as an acquisition target for Sprint.

Reuters

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

Popular Sports Game ‘Flick Golf’ Debuts on Android

After hitting #1 in 35 countries on iOS, Full Fat Games’ Flick Golf has come to our beloved Android platform. The game features wonderful 3D environments and traditional golf hazards

News and Rumors

Recent Trademark Filings Hint at T-Mobile’s Future

I decided to poke around the US Trademarks website this morning to see if I could glean anything about T-Mobile’s upcoming projects or handsets. Every once in a while I will do this to see if I can confirm rumors or substantiate a claim. So did I find anything today? You bet. Looking back over the last three months or so, we can see that the carrier is definitely working on something around a successor to the beloved G1.

News and Rumors

Android on E-Ink Proof of Concept (VIDEO)

Check out the video below which is sure to raise even more talks of a Kindle-like Android device.  The team at MOTO Development Group have put together a proof of

1 Comment

Leave a Reply