The company has officially acquired the remaining 50 percent of Clearwire. As expected, Sprint has completed its acquisition of Clearwire. The company announced the news on Tuesday, saying that it now owns 100 percent of Clearwire. Sprint previously owned about 50 percent of the wireless company. Sprint initially offered $2.97 per share for Clearwire. However, after concern over the valuation from shareholders and an unsolicited bid from Dish, Sprint changed its tune and upped its offer to $5 per share. Dish bowed out after the carrier upped its bid. The deal's closure comes just a day after Clearwire shareholders overwhelmingly voted to approve the deal.
Tuesday, July 9, 2013
The company has officially acquired the remaining 50 percent of Clearwire.
As expected, Sprint has completed its acquisition of Clearwire.
The company announced the news on Tuesday, saying that it now owns 100 percent of Clearwire. Sprint previously owned about 50 percent of the wireless company.
Sprint initially offered $2.97 per share for Clearwire. However, after concern over the valuation from shareholders and an unsolicited bid from Dish, Sprint changed its tune and upped its offer to $5 per share. Dish bowed out after the carrier upped its bid.
The deal's closure comes just a day after Clearwire shareholders overwhelmingly voted to approve the deal.
