Sprint on Tuesday announced that it has completed its acquisition of wireless wholesaler Clearwire. The FCC approved the merger last week and Clearwire shareholders voted in favor of Sprint’s offer of $5 per share on Monday. The acquisition of Clearwire will help Sprint, and new owner SoftBank, offer faster downloads speeds in more locations throughout …
The U.S. Federal Communications Commission on Friday approved SoftBank’s acquisition of Sprint. The agency also gave Sprint the green light to purchase the remaining 49% of Clearwire it did not already own. Sprint shareholders previously approved SoftBank’s offer of $21.6 billion in cash and stock for an 80% stake in the company. The carrier’s deal to acquire the rest of Clearwire …
Clearwire on Thursday announced that its board of directors is recommending that shareholders vote in favor of Sprint’s recently revised takeover bid. The board’s advisement is based on the unanimous recommendation of a special committee of independent directors assembled to review Sprint’s offer. The deal would see Sprint pay Clearwire shareholders $5 per share for the …
Dish on Wednesday increased its bid to acquire wireless broadband wholesaler Clearwire. The company is now offering $4.40 per share, a 29% premium over Sprint’s proposal, which values the firm at $6.47 billion. Sprint recently raised its offer to $3.40 per share after shareholders had criticized its original proposal of $2.97 per share. Dish, whose …
Clearwire’s Board of Directors has approved a revised offer from Sprint to acquire a remaining 50% stake in the company. Sprint had previously offered $2.97 per share, or $2.2 billion, for the wireless broadband wholesaler. After several shareholders voiced their concerns about the sale, Sprint decided to raise its offer to $3.40 per share. The revised …
Sprint on Tuesday announced a revised offer for wireless broadband wholesaler Clearwire. The carrier is looking to acquire the remaining Clearwire shares it does not already own for $2.97 per share, or $2.2 billion, valuing the company at $10 billion. Sprint has now increased its bid $3.40 per share, upping Clearwire’s value to $10.7 billion. The …
Clearwire disclosed in a securities filing on Friday that it had received an offer from an unnamed company for use of its spectrum. According to The Wall Street Journal, Verizon is behind the proposed deal and has offered $1.5 billion to lease Clearwire’s spectrum. Verizon is said to be interested in Clearwire spectrum in big markets to help it …
A top Clearwire (CLWR) shareholder is waging a proxy war in an effort to stop Sprint’s proposed takeover of the troubled wireless provider, AllThingsD reported. Sprint (S) is looking to acquire Clearwire for $2.97 per share, however Crest Financial, Clearwire’s largest minority shareholder, believes the offer undervalues the company and its spectrum. The Houston-based investment company …
Although Sprint (S) CEO Dan Hesse has in the past fought against consolidation of spectrum holdings in the wireless industry, he’s not nearly as concerned when it’s his own company doing the consolidating. As Quartz points out, Sprint is now poised to dominate mobile data spectrum holdings in the United States with its plan to …
In line with earlier reports, Sprint (S) on Monday announced plans to acquire the remaining stake it did not already own in wireless broadband wholesaler Clearwire (CLWR). Sprint’s offer came in just north of earlier reports claiming the company would bid $2.90 per share, or $2.1 billion, which would value Clearwire at $4.2 billion. Sprint’s final …
