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Sprint offers $2.1 billion to acquire full stake in Clearwire

Newsbrief by Andrew Kameka on Thursday December 13, 2012.

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Sprint has offered to pay $2.1 billion to acquire Clearwire Corp. Sprint, which already owns more than 50 percent of Clearwire, seeks to acquire the remaining shares of the struggling company it has already invested millions of dollars. Flush with cash from its investment from SoftBank, Sprint seeks to acquire Clearwire to gain the company's assets and airwave licenses in order to improve its 4G LTE network. Analysts estimate that Sprint may have to raise its current $2.90 per share offering to more than $5 in order to gain control of Clearwire.

source: Bloomberg

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