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Sprint Raises Clearwire Offer to $5 Per Share

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by brobert11    Jun 20, 2013, 3:31 PM   edited Jun 20, 2013, 3:32 PM

That's a pretty penny over thier initial purchase offer for Clear. Sprint has increased it's offered price by 68% from the original offer amount. Ouch!!! Although, w/ the possibility of the loss of spectrum assets used to obtain thier 51% share and bailouts as well as facing the possibility of having partner w/ a less than desirable partner (Ergen), not many were options available to them. Sprint needed Clearwire's spectrum holdings sorely.

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