Sprint Offering $2.1 Billion For Remaining Ownership In Clearwire

Posted Dec 13, 2012

Sprint has made an offer to buy the remaining 49% in Clearwire.  Sprint is looking to buy the remaining shares at $2.90 each according to Bloomberg.  This values the total deal at $2.1 billion.  Sprint has an interest in owning Clearwire because of all of the spectrum assets that would be gained from an acquisition.  Sprint bought a majority stake in Clearwire a couple months ago around the same time that SoftBank bought 70% of Sprint.