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Sprint Faces Cap On Clearwire Deal From SoftBank While Investors Look For More

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http://techcrunch.com – Sprint’s attempted purchase of Clearwire may have hit a snag, according to a new report from Reuters. Sprint reportedly has a hard cap on how much it can offer to buy out the beleaguered Clearwire, set by SoftBank, which is purchasing a majority stake in Sprint for around $20 billion. Clearwire shareholders, however, reportedly think the offer price on the table isn’t high enough, and the rising stock price of Clearwire shares in the wake of news of the deal is providing them with ammunition. The cap SoftBank is said to have put on an offer is $2.97 per share, which is only 7 c (IT news)