Dish Network has formally withdrawn its offer to acquire the high-speed internet provider Clearwire. It now looks like Sprint is well on its way to close the deal at $5.00 per share.
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Sprint has announced that it has entered into an agreement to buy the other half of Clearwire for $5 per share, beating Dish’s current offer by $0.60 per share. The newly-revised deal values Clearwire at $14 billion, which represents a 47% increase over Sprint’s previous offer of $3.40 per share.
Google has applied for a license to build a wireless network over its headquarters in Mountain View, California. The company submitted an application to the Federal Communication Commission last week requesting permission for an “experimental radio service” that would cover a two-mile radius around its building.
Some analysts believe the move could be the start of numerous dense and “superfast” Google wireless networks in other locations.
Sprint has announced today that it is set to acquire 100% ownership of Clearwire in a deal worth $2.97 per share — or roughly $2.2 billion. The carrier says it plans to utilize Clearwire’s 2.5 GHz spectrum, which will be migrated to 4G LTE standards, to achieve “operational efficiencies and improved service for customers.”
Japan’s third-largest carrier is reportedly in talks to buy control of Sprint, according to two people familiar with the matter. SoftBank wants to snap up two-thirds of the company with a stake worth “more than” 1.5 trillion yen ($19 billion), and it’s also eyeing Sprint’s partner, Clearwire, too.