Sprint Increases Their Offer For Clearwire To $2.5 Billion

Sprint Nextel Corporation has increased their offer for Clearwire today. Sprint is offering $3.40 per share for the 50% stake in Clearwire that they do not already own. This is a 14% premium to the previous $2.97 per share that was announced in December. This values the deal at $2.5 billion now. Sprint submitted a revised offer to Clearwire’s board, which is now being reviewed. Clearwire will likely review the new deal on May 30th during a special meeting.










