Sprint Increases Their Offer For Clearwire To $2.2 Billion

Posted Dec 17, 2012

Sprint has finalized a deal to buy out the minority shareholders of Clearwire for $2.2 billion.  This is a higher price than what was offered before.  Sprint said that they will be paying $2.97 per share for Clearwire stock that they do not already own.  Last week Sprint said that they would offer $2.90 per share, which totaled around $2.1 billion.  The deal still needs to be approved by regulators and Clearwire shareholders.  Sprint is expecting the deal to close by the middle of next year.