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Sprint: We Don't Control Clearwire
Even Though It's Clear We Are Trying To
by Karl Bode 12:44PM Wednesday Oct 24 2012
Even though it has taken a majority stake in Clearwire, moved quickly to take over the company's board, made financial maneuvers to prevent anyone else from buying Clearwire, and will likely acquire the company with the help of new owner SoftBank once their current deal is approved -- Sprint would like everybody to know that they don't control Clearwire. "While we have a majority stake, we do not have control of the company, and their finances are not consolidated with Sprint's," Sprint insisted to news outlets this week. "They are an independent company with independent management and board. This is (the) same as when we previously owned more than 50 percent." The same, except now Sprint has a rich sugar daddy in SoftBank that makes everything completely, totally different.

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Metatron2008
Premium
join:2008-09-02
united state

No, Softbank does.

10 char
xenophon

join:2007-09-17

CLWR stock trades separately

As long as Clear trades on market separately am pretty sure they are an independent company, not even a subsidiary of Sprint. No different that last time Sprint had majority stake. What might be different is Sprint may not have over 50% board as part of agreement?
RokHed

join:2000-09-09
Pennsville, NJ

Re: CLWR stock trades separately

If I read correctly Sprint will have 7 of the 13 board seats.
xenophon

join:2007-09-17

Strange mostly unrelated rumor

Rumor (and likely a weak one)... Google is said to be actively looking to buy the Sprint HQ campus in KC area and move HQ there...

»forum.kcrag.com/viewtopic.php?f=1&t=18538