Given large ongoing losses and sizable funding needs, most investors have considered it a given that
Clearwire (Nasdaq:
CLWR) will be
acquired. With its approximate 50.5% ownership stake, meaningful high-end spectrum needs and a recent influx of capital from Japan's
Softbank,
Sprint (NYSE:
S)
was seen as the most likely candidate. Now it seems like Sprint is
finally making its move, but the market reaction and relative valuation
suggest Sprint may have some work left to do.
Please continue reading here:
http://www.investopedia.com/stock-analysis/2012/The-Long-Awaited-Sprint-Clearwire-Deal-Is-Closer-Than-Ever-S-CLWR-PCS-T1214.aspx
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