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Latest Clearwire Corp. Items
Capping a long and at times bitter takeover battle, Sprint shareholders meeting in Overland Park, Kan., overwhelmingly approved a $21.6 billion takeover bid from SoftBank, rejecting a competing offer from rival Dish Network and moving the Japan-based SoftBank one step closer to owning 78 percent of America's third-largest wireless carrier.
Dish Network is bowing out of its bid to acquire Sprint and looking instead at broadband provider Clearwire Corp., ending what tech analyst Jeff Kagan called a "crazy" whirl of "watching a group of teenagers falling in and out of love with each other."
Sprint Nextel Corp., the country's third largest wireless carrier, on Thursday said it lost $1.3 billion in its fourth quarter, about the same as a year ago, as it revamped its network for a comeback versus bigger competitors.
Satellite TV provider Dish Network is offering to buy wireless network operator Clearwire _ which agreed to sell itself to Sprint in December _ for $3.30 per share, or $5.15 billion.
Sprint Nextel will buy out minority shareholders of Clearwire for $2.2 billion, a higher price than it previously said it would pay.
Sprint, the country's third-largest cellphone company, said Monday that it will buy out the portion of wireless network operator Clearwire that it doesn't already own after raising its offer price to $2.2 billion.
Sprint Nextel is offering to buy the 49 percent of Clearwire that it doesn't already own for $2.1 billion.
Sprint has offered to buy the 49 percent of Clearwire that it doesn't already own for $2.1 billion.
Sprint Nextel has offered to buy out the minority shareholders of Clearwire for $2.1 billion in a deal that would give it total control of the flailing company and also more space on the airwaves for data services.