DISH Network has launched a $25.5 billion takeover bid for Sprint.
In other cellular news, Mid-December looked like Smooth sailing for Softbank’s US subsidiary Sprint as they announced they were buying all of on-again off-again pseudo subsidiary Clearwire. DISH just threw in a major monkey-wrench from left field, they want to buy Clearwire too for their own cellular aspirations. While Sprint wants the company, DISH wants […]
For $2.2 billion, Sprint will be acquiring the 49.2% of shares it doesn’t already own, making Clearwire a wholly owned subsidiary.
In a $20 billion deal, SoftBank will take a 70% stake in Sprint, which in turn buys controlling shares in Clearwire.