Official: Sprint now offering Clearwire $5 a share, valued at around $14 billion
It was only last week Sprint formally issued a lawsuit attempting to block the Dish buyout of Clearwire. With Clearwire still on the brain, it looks like that was just the beginning. Today, Sprint has just announced that they’re now prepared to best Dish’s offer of $4.40 a share for Clearwire with their new offer of $5. Some quick calculations valuate the deal at somewhere around the ballpark of $14 billion dollars. Yeah, that’s a lot of greenbacks. Seems Sprint is not backing down anytime soon and will do whatever it takes to acquire Clearwire’s spectrum. Sprint says they expect to have a majority vote from Clearwire investors backing the merger. Your move, Dish.
[Sprint]