Disqus
Sprint confirmed in a regulatory filing that it plans to purchase the remaining 48.3 percent of Clearwire stock that it doesn’t own. Sprint would pay $2.90 per share in a $2 billion deal that would put Clearwire’s value at about $4.23 billion, according to a report in Reuters. Earlier this year, Sprint bought a chunk of Clearwire stock and grabbed a majority stake in the company. Sprint now owns 51.7 of the company’s holdings and hopes to make that 100 percent with this deal. A special committee of Clearwire’s Board of Directors is supposedly evaluating this offer.
[Via Reuters]
About The Author
Kelly Hodgkins
Kelly spent the last four years covering mobile technology at places like BGR, Gizmodo and The Unofficial Apple Weblog. Before writing, she spent a few years working with and teaching others how to use Adobe Flash and Macromedia Director. Even earlier than that, she spent several years as a Ph.D student in Microbiology. When she's not writing, she can be found fishing the lakes and hiking the mountains of Western Maine with her husband and tribe of children. You can follow her on Twitter @kellyhodgkins.
