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Sprint Completes Acquisition of Clearwire

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Jul 9, 2013, 9:32 AM   by Eric M. Zeman

Sprint today announced that it has finalized its acquisition of the portion of Clearwire that it did not already own. The acquisition comes after a six-month battle with rival Dish Networks and Clearwire investors over control for the failed WiMax venture. Sprint how has control over the company's assets, which include large 2.5GHz spectrum holdings. Clearwire's shareholders approved the deal on July 8, and the Federal Communications Commission greenlighted the deal on July 5.

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Jul 9, 2013, 10:45 AM

Happy, happy, happy.

Those Clear shareholders ought to be pretty stoked. Made four times the original offer and got bought out of a failing investment at the same time. Sweet deal if you ask me. 🙂
Original offer was $2.97/share. The final purchase price is $5.00/share so definitely not 4x the original offer; hell, not even 2x. Still a good deal for all involved though.
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