Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
December 17, 2012 05:11 pm GMT

Sprint Seals Deal For 100% Ownership Of Clearwire, At $2.97 Per Share Or $2.2 Billion Total

clearwire-sprintSprint today announced that it has arranged an agreement with Clearwire to buy out the remainder of the smaller company for $2.2 billion, or $2.97 per share. The final price is at the top of the reported ceiling put on the total cost of the acquisition reportedly placed on the deal by SoftBank's chairman. SoftBank's 70 percent investment in Sprint made the deal possible, and this arrangement will be contingent on the successful closing of the SoftBank one going through, which should take place around mid-2013.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/YwN2xhEt1cw/

Share this article:    Share on Facebook
View Full Article

Techcrunch

TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.

More About this Source Visit Techcrunch