Wednesday, May 22, 2013

Sprint raises offer for Clearwire


Yesterday Sprint increased their offer for their acquisition of Clearwire now offering $3.40 per share for the 50% of Clearwire that Sprint doesn’t currently own. Previously their offer was $3.20 per share so this increases per share value by $.20 cents and values Clearwire’s total value around $10.7 billion. The increased offer is likely a counter after Dish came into the mix and started negotiations with Clearwire in an attempt to acquire them and take the deal away from Sprint. Dish CEO Charlie Ergen has said their offer for Dish is a better value saying dish is better suited because their company “speaks English,” while Sprint is now majority owned by Japanese carrier Softbank.