Click to Skip Ad
Closing in...

Sprint may finally buy Clearwire after all

Sprint (S) is reportedly in talks to acquire the remaining stake in Clearwire (CLWR), according to CNBC. While a deal isn’t believed to be imminent, the two companies are involved in “active negotiations” and could announce an agreement before the end of the year. Sprint already owns a 50.8% stake in Clearwire and has long been rumored to be interested in a full acquisition of the company. CNBC’s sources note, however, that a potential deal is still “fraught with difficulty” due to the complexity of their relationship and Sprint’s pending deal to sell a majority stake to SoftBank. Shares of Clearwire reacted positively to the news, jumping nearly 15% to $2.75 per share.

Popular News