Sprint Nextel has made a $2.1 billion offer for the shares of Clearwire that it doesn’t already own, according to a regulatory filing. The news comes after rumors surfaced earlier this week that the company was in talks with Intel and Comcast to buy out their stakes. The offer, which works out to $2.90 per share, also comes with interim financing of $800 million for Clearwire, if it agrees to the deal. Clearwire has said it is under review. Clearwire may well hold out for a better offer from Sprint, which has to get Softbank to sign off on any agreement.
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Sprint Chases Clearwire Buyout Deal
Posted by: Erika Morphy December 13, 2012 04:30 PMSprint Nextel has made a $2.1 billion offer for the shares of Clearwire that it doesn’t already own, according to a regulatory filing. The news comes after rumors surfaced earlier this week that the company was in talks with Intel and Comcast to buy out their stakes. The offer, which works out to $2.90 per share, also comes with interim financing of $800 million for Clearwire, if it agrees to the deal. Clearwire has said it is under review. Clearwire may well hold out for a better offer from Sprint, which has to get Softbank to sign off on any agreement.