Sprint on Tuesday announced a revised offer for wireless broadband wholesaler
Clearwire. The carrier
is looking to acquire the remaining Clearwire shares it does not already own for $2.97 per share, or $2.2 billion, valuing the company at $10 billion.
Sprint has now increased its bid $3.40 per share, upping Clearwire’s value to $10.7 billion. The revised offer represents a 14% premium over the company’s earlier bid and a 162% premium over Clearwire’s closing share price in October when it was rumored to be part of
the Sprint-SoftBank merger discussions. Sprint notes that the offer is the best and final offer it will propose. The company’s press release follows below.
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