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Clearwire shareholders approve buyout by Sprint
Well, the FCC has already offered its tacit approval of the merger between Sprint, Clearwire and Softbank. And Sprint shareholders are on board with its buyout by Softbank. Really, the last hurdle for this major wireless marriage, was Clearwire's shareholders. Now they've approved the plan to be purchased by Sprint, which in turn will be absorbed by Softbank, putting an end to a long drama over the tiny carrier's future. When Dish decided to exit the bidding war over the company in late June it seemed to be all but a done deal that Sprint, already a majority shareholder of Clearwire, would take over the rest of the company. The deal is expected to be officially closed on July 9th, followed only shortly after by the Sprint and Softbank merger on July 10th.
Original Link: http://www.engadget.com/2013/07/08/clearwire-shareholders-approve-buyout-by-sprint/?utm_medium=feed&utm_source=Feed_Classic&utm_campaign=Engadget
Engadget
Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WIMore About this Source Visit Engadget