Confirming last week’s rumor, carrier Sprint Nextel Monday morning announced plans to buy out the minority of shareholders of Clearwire in a transaction valued at approximately $2.2 billion. The acquisition will give Sprint, which in October acquired a controlling stake, a 100 percent ownership stake in the Bellevue, Washington-headquartered provider of mobile and fixed wireless broadband communications services. The deal also bodes well for Japan’s Softbank, which in October bought a 70 percent stake in Sprint. Softbank has also been eyeing Clearwire since then and with this transaction it will basically control Clearwire through Sprint… Read More
