Sprint is adding a new head executive to its framily. Brightstar CEO Marcelo Claure will replace 7-year CEO Dan Hesse starting August 11th. Claure had previously served on Sprint’s board since January. Brightstar is an international supply chain provider for the cellular industry, so the move is not entirely a stretch. SoftBank, Sprint’s parent company, […]
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.