Yesterday, Sprint made a $2.1 billion offer to purchase the remaining 49% of Clearwire it doesn’t own. That’s roughly $2.90 per share of Clearwire. Today Softbank told Sprint that it is only allowed to bid up to $2.97 per share, which is what Sprint paid when it bought a small stake of Clearwire from its founder Craig McCaw’s Eagle River Holdings… Read more
After a CNBC story all but confirmed that both sides had reached a deal comes official word from SoftBank and Sprint that a $20 billion acquisition has been reached. The deal is structured exactly as was reported yesterday with SoftBank paying $12.1 billion to Sprint shareholders and $8 billion in new capital. The combined entity will… Read more
This has been quite the year for US carrier, and it’s not stopping now. First it was the failed AT&T/T-Mobile merger, then T-Mobile decided to merge with MetroPCS. Now Japanese carrier Softbank has confirmed that they will be purchasing a majority stake in Sprint. Softbank will be purchasing a 70% share in Sprint, totaling $20 billion. Of those… Read more
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