Sprint Ups Its Offer For Outstanding Clearwire Shares To Around $2.5B

view story

http://techcrunch.com – More developments in the Sprint acquisition food chain saga. As expected, Sprint is upping its offer for outstanding Clearwire shares to $3.40 per share, working out to an offer of about $2.5 billion. This comes after originally making an offer of $2.2 billion, based on $2.97 per share. The new offer values Clearwire at $10.7 billion, but for those investors and bankers who are now thinking they can play a game of chicken against Sprint while the carrier itself is being courted by both Softbank and Dish, think again: “The offer represents Sprint’s best and final offer,” Sprint sa (IT news)