Posts Tagged: "Clearwire"

Sprint Nextel (NYSE: S), the wireless powerhouse, has announced that they have entered into an agreement that will allow them to acquire the remaining shares of the wireless broadband provider Clearwire Corporation (NASDAQ: CLWR). Sprint already owns approximately 50% of the shares, and will buy out the rest for $2.97 a share, which equates to $2.2 billion paid to the remaining shareholders. This buyout will bring Clearwire’s total value to roughly $10 billion, which includes the $5.5 billion debt Clearwire currently has.