Via: New York Times
“Sprint announced on Monday that it had reached an agreement to buy the nearly 50 percent stake in Clearwire that it did not already own for $2.97 a share — a bump up from the $2.90 a share that was offered on Thursday.
The improved $2.2 billion offer, Sprint said, represents a premium of 128 percent over Clearwire’s stock price in early October before speculation emerged — following SoftBank‘s investment in Sprint — that Sprint would seek to buy out the wireless network operator.
Sprint already owns 51.7 percent of Clearwire. Buying the rest would give it full control over spectrum that it could use to build out its network.”
SoftBank of Japan has come to help in this acquisition and we will see Sprint grow steadily in the coming months. This of course will keep Sprint from being overshadowed by the top tier cell phone providers, AT&T and Verizon. Everyone seems excited about this purchase. Let’s see how this affects competition in the future.