http://www.blogcdn.com/www.engadget.com/media/2011/12/clearwire-sprint.jpg Sprint has just announced that it has entered into a “definitive agreement” with Clearwire to buy the 50-percent stake in the company it doesn’t already own in a transaction worth around $2.2 billion. Thanks to the increased value of Clearwire’s stock when the rumors of the deal broke, House Hesse has had to pay an extra $100 million on its first formal offer.
While the deal is contingent upon the legal nuts-and-bolts of Sprint’s deal with Softbank working out, the Japanese carrier has given its blessing to the deal. Big Yellow has also garnered the requisite support from Clearwire’s big-ticket minority stakeholders, including Comcast, Intel and BrightHouse networks – which will all vote in favor of the transaction.
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Continue reading Sprint confirms it’s buying the rest of Clearwire for $2.2 billion
Filed under: Cellphones, Wireless, Mobile, Sprint
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