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...
Sprint confirms plans to acquire 100 percent stake in Clearwire for $2.2 billion