Friday, December 14, 2012

Investopedia: The Long Awaited Sprint-Clearwire Deal Is Closer Than Ever

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.

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