Sprint Ups Clearwire Bid to $2.2B, Clearwire Agrees
Sprint today announced that it has agreed to acquire Clearwire for $2.2 billion. Sprint initially bid $2.1 billion, or $2.90 per share, last week. Today's bid has been raised to $2.97 per share, which amounts to a $100 million increase in the total bid. Softbank, which is in the process of acquiring a 70% stake in Sprint, indicated last week that it would not approve of a bid higher than $2.97 per share. Sprint already owns 50.45% of Clearwire and is purchasing the remaining 49.55%. Other Clearwire investors, including Comcast and Intel, have agreed to the new terms and Clearwire's board has voted in favor of the acquisition. According to Sprint, the deal will put it in a better position for its LTE 4G plans moving forward, and help it to be a better competitor to AT&T and Verizon Wireless. Clearwire has vast spectrum holdings in the 2.5GHz band. The deal is subject to regulatory approval and is expected to close in the middle of 2013.
Coral Blue Galaxy S8 and S8+ Go On Sale In US July 21
Samsung today said the Coral Blue variant of the Galaxy S8 and S8+ handsets will become available to U.S. buyers starting July 21.
Moto Z2 Force Drops 'Droid' Branding On Verizon
Motorola announced the Z2 Force today, which replaces both the Z and Z Force from last year. The phone will be sold by most U.S.
Motorola Moto E4 Plus Goes On Sale Aug. 3 for $180
Motorola today said the Moto E4 Plus, which it announced in June, will reach various sales channels later this week. The unlocked variant will be available from Amazon, Best Buy, B&H, Fry's, Newegg, and Motorola.com starting August 3 for $180.
Sprint's WiMax Shutdown May Halt Service for Charities
Sprint plans to deactivate its WiMax network on Nov. 6, but some charities say the change will eliminate internet service for some 300,000 Americans altogether.