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Sprint in Talks to Acquire All of Clearwire
Deal Could Be Announced Before End of Year
by Karl Bode 06:38PM Tuesday Dec 11 2012
From the "well that's incredibly unsurprising" department comes news that Sprint is in talks with Clearwire to acquire the 49% of the company it currently doesn't already own. Anonymous sources tell CNBC that while deal "is not imminent," talks are ongoing and a deal could be announced by the end of the year (which sounds somewhat imminent to me).

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Given Sprint's looming majority acquisition by SoftBank, the mechanics of such a deal are highly complicated, and could potentially delay any deal.

The source says Sprint has been in talks with all of Clearwire'es remaining partners in an effort to try and acquire the remaining shares:
quote:
Still, in recent days Sprint has had significant conversations with a number of Clearwire's big shareholders, which include Bright House, Intel and Comcast, aimed at purchasing their stock at roughly $3.00 a share, according to people familiar with the conversations.

The price that Sprint would offer for the 488 million shares that are held by the public remains unclear, and while a special committee of Clearwire's directors might agree to a similar price, it remains to be seen whether a tender at that price would succeed.
With a deep pocketed sugar daddy in Japan's Softbank, the acquisition of Cleawire and a potential looming deal with Dish, Sprint's 2013 has very quickly gotten much more interesting. Earlier anonymous sources had insisted no SoftBank acquisition of Clearwire was looming, though this technically would be Sprint first acquiring Clearwire, before themselves being acquired by SoftBank. Some analysts have suggested that Sprint and SoftBank have been busy maneuvering to prevent Dish from acquiring Clearwire before they could.

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skeechan
Ai Otsukaholic
Premium
join:2012-01-26
AA169|170
kudos:2

Musical debt

Sprint saves Clearwire, Softbank saves Sprint.

Works for me since I have unlimited plans with both Sprint and Clear and use Softbank sims when traveling.

Guess I'm clearsoftsprint fanboy.

Metatron2008
Premium
join:2008-09-02
united state

Re: Musical debt

Sprintwire Bank

OSUGoose

join:2007-12-27
Columbus, OH

Re: Musical debt

Sprint Clear Bank

skeechan
Ai Otsukaholic
Premium
join:2012-01-26
AA169|170
kudos:2
ClearSprintSoftBankrupt

Metatron2008
Premium
join:2008-09-02
united state

Re: Musical debt

Nah, they just had a cash infusion from a softBANK

skeechan
Ai Otsukaholic
Premium
join:2012-01-26
AA169|170
kudos:2

Re: Musical debt

Softbank is the Sprint of Japan, hopefully the Clear/Sprint money pit doesn't bleed them dry.

Metatron2008
Premium
join:2008-09-02
united state

Re: Musical debt

Sprint would do well if they stopped bleeding money to creditors and had a good network. Once you get in the bad credit realm it becomes a cycle..
rradina

join:2000-08-08
Chesterfield, MO
SoftSpire Bank? Perhaps not since I've heard spire envy is rampant in Japan. However, now there are pills for that.
Maggs
Life is awesome
Premium
join:2002-11-29
Woodside, NY

I think this says it best...

»www.gametrailers.com/videos/9b35···xplained
--
Yes, ladies I am single.

JasonOD

@comcast.net

sprint-clearwire will be softbank's

nextel. I don't know why ATT didn't a play for clearwire's spectrum.

norbert26
Premium
join:2010-08-10
Warwick, RI

bottom line / nitty gritty

What does this mean for the customer(s) ? Will clear continue as it does or is the end and customers find another ISP ?
nonymous
Premium
join:2003-09-08
Glendale, AZ

Re: bottom line / nitty gritty

I am predicting Clearwire stays nearly the same. Softbank knows what they are into and that the Sprint buildout includes Clearwire. Another change at this point would be a dumb move. Not that Sprint hasn;t done dumb moves recently but Softbank doesn't seem dumb and the NV buildout for both Clearwire and Sprint is ties together.