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[Follow-Up] Sprint Offers $2.1 Billion to Buyout Clearwire

Discussion in 'Android News' started by dgstorm, Dec 13, 2012.

  1. dgstorm
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    dgstorm Editor in Chief Staff Member Premium Member

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    Here's a follow-up story to one we reported yesterday. Industry intel yesterday suggested that Sprint was looking to buy out the rest of the shares in Clearwire. That info turned out to be true, and the deal went public this morning. Apparently, Sprint has offered Clearwire $2.1 Billion USD for a complete buyout. Sprint's primary purpose in the buyout is to be able to take full control of Clearwire's spectrum. Considering Sprint already owns 51% of Clearwire, if they take this deal, it would put the total value of the company at around $4.2 Billion. This deal is far from a forgone conclusion however. Besides having to jump through regulatory hurdles, Sprint will also have to contend with some of the larger current Clearwire stock owners who will likely want to hold out for a sweeter deal. Here's a quote with some more info,

    What do you guys think of this deal? Do you think it will be good for the industry?

    Source: Reuters