Sprint Offering $2.1 Billion For Remainder of Clearwire
As Some Investors Sue to Thwart Deal
Reports surfaced earlier this week
that Sprint was pushing to acquire the remainder of Clearwire, and now Bloomberg
reports the current acquisition offer is around $2.1 billion for the remaining shares. Sprint's acquisition by Japanese carrier SoftBank is expected to fill the company's coffers, allowing them to finally acquire Clearwire and the company's massive spectrum holdings -- something most saw as the inevitable outcome. Minority Clearwire shareholders Mount Kellet Capital Management LP and Crest Financial Limited have sued to stop the deal
, urging Clearwire to look for better offers.