Sprint offers $2.1 billion to acquire the rest of Clearwire

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As most observers  expected , Sprint has finally made a formal offer to acquire the rest of Clearwire. On Thursday, Sprint said it would pay $2.1 billion for the remaining 49.7 percent of Clearwire that it does not currently control. As we reported yesterday , the move is widely seen as a play for Sprint to acquire Clearwire’s valuable 2.5 GHz spectrum, which it would use to offer LTE and strengthen its position against Verizon and AT&T. The bid works out to $2.90 per share—higher than the company’s closing price on Wednesday—but analysts say the offer may not be good enough. Read 2 remaining paragraphs | Comments

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Sprint offers $2.1 billion to acquire the rest of Clearwire

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