InfoAnda - Sprint offers $2.1 billion to buy rest of Clearwire |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Militants kill three Pakistanis supplying NATO | International | | 20 December 2008
Judas Priest digs deep for "Evil" live album | 27 May 2009
IMF chief: global recovery stronger than expected | 18 January 2010

Vodafone to offer Web via Opera in emerging markets | | 7 April 2010

Forum Views () Forum Replies ()

Read more with google mobile : Sprint offers $2.1 billion to buy rest of Clearwire |

Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Investing Simplified Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB Dividends World World Home U.S. Brazil China Euro Zone Japan Africa Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Nader Mousavizadeh Lucy P. Marcus Nicholas Wapshott Bethany McLean Anatole Kaletsky Zachary Karabell Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Reihan Salam Frederick Kempe Mark Leonard Steven Brill Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Pictures Our best science photos of 2012 The year that was in science and technology images. Slideshow Follow Reuters Facebook Twitter RSS YouTube Read Berkshire buyback seen clashing with estate tax push 12 Dec 2012 Russia says Syrian rebels might win | 3:42pm EST Insight: How Republicans engineered a blow to Michigan's powerful unions 8:29am EST Florida nears 1 million permits for concealed weapons 12 Dec 2012 For North Korea, next step is a nuclear test | 10:04am EST Discussed 100 ”Fiscal cliff” talks down to Obama and Republican Boehner 81 Protesters to march on Michigan capitol over ”right-to-work” vote 80 Obama says he’s ready to work with Republicans to avoid ”fiscal cliff” Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Handmade eyeballs A German ocularist produces individual glass-blown human eye prostheses for people who have lost an eye. Slideshow Syria's displaced animals A look at animals caught in the crossfire of the Syrian civil war. Slideshow Sponsored Links Sprint offers $2.1 billion to buy rest of Clearwire Tweet Share this Email Print Related News Sprint in talks with major Clearwire investors: sources Tue, Dec 11 2012 Telenor, Tata Tele in talks to merge India operations: source Tue, Nov 27 2012 Related Topics Investing Simplified » Tech » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Hot Stocks » Asian Markets » Inflows Outflows » Media » A woman uses her phone as she walks past a Sprint store in New York's financial district, October 15, 2012. Credit: Reuters/Brendan McDermid By Himank Sharma and Sinead Carew Thu Dec 13, 2012 11:06am EST (Reuters) - Sprint Nextel Corp, the majority owner of Clearwire Corp, has offered $2.1 billion to buy the rest of the wireless service provider but it will likely have to offer more money in order to secure a deal. Clearwire, which said it is reviewing the offer, saw its share jump more than 11 percent to $3.06 after the offer, topping Sprint's $2.90 offer price and suggesting that shareholders were hoping for a higher bid. Sprint said it would also provide interim financing of $800 million to cash-strapped Clearwire if shareholders agree to the $2.90 offer. But analysts said that Clearwire shareholders would be very unlikely to accept Sprint's offer, which would allow the No. 3 U.S. mobile service provider to take full control of Clearwire's spectrum holdings to bolster its own wireless data services. While Clearwire has been looking for new financing, analysts said that its need is not so urgent that it should accept Sprint's offer which they described as a "starting point." "With a year of liquidity on the books and the alternative of raising additional equity or refinancing debt at this level, Clearwire is hardly without options, and we don't see why the company would necessarily jump at a the $2.90 bid," JPMorgan analyst Philip Cusick said in a research note. Wells Fargo analyst Jennifer Fritzsche said Sprint's offer price compared poorly to other deals in the U.S. wireless industry that involved sales of wireless spectrum holdings. She calculated that comparable deals had valued wireless spectrum at fifty percent more than Sprint was offering to pay Clearwire. Sprint declined to comment on whether it would revise its offer. Its proposed price is 5 percent higher than Clearwire's closing stock price on Wednesday, but more than double its $1.30 price on Oct 10. Clearwire shares have risen sharply since then on increasing investor speculation that loss-making Sprint would use new financing from Japan's Softbank Corp to buy Clearwire. Sprint agreed in October to sell a 70 percent stake to Softbank for $20 billion. CLEARWIRE REVIEWING OFFER Clearwire, which also counts Sprint as its biggest customer, has long been seen by analysts as an acquisition target for Sprint, which needs to improve its network to compete with bigger rivals Verizon Wireless and AT&T. Clearwire said in a regulatory filing on Thursday that it is currently in talks with Sprint regarding a "potential strategic transaction" and that a special committee of its board of directors has been reviewing the potential deal. It did not offer an immediate response to the $2.90 offer. Clearwire, which has been looking to raise more financing to upgrade its network and to keep the business afloat, has said that it has enough money to last it until the third quarter. The offer from Sprint, which already owns 50.4 percent of Clearwire's total outstanding shares, values Clearwire at around $4.2 billion. Some minority Clearwire shareholders -- including Mount Kellet Capital Management LP and Crest Financial Limited -- have expressed concerns over a deal with Sprint, suggesting that Clearwire should look at other options. Between them, the two investment firms own nearly 15 percent of Clearwire's publicly traded shares. On Tuesday, Crest Financial filed a lawsuit against the company and Sprint to try to thwart a deal. Clearwire's other minority shareholders include Intel Corp and Comcast Corp who own around 12.4 percent between them. Sprint has been in discussions with those companies about purchasing their shares, according to people familiar with the matter. Crest, Mount Kellet did not comment on the offer. Representatives of Intel and Comcast were not immediately available for comment. The offer also needs the approval of Softbank and is contingent on Sprint's planned sale of 70 percent of the company to Softbank, Sprint said in the regulatory filing. (link.reuters.com/san64t) Clearwire shares rose 38 cents or more than 13 percent to $3.11 on Nasdaq after the news. Sprint Nextel shares were little changed at $5.62. (Additional reporting by Nadia Damouni in New York; Editing by Saumyadeb Chakrabarty, Rodney Joyce and Nick Zieminski) Investing Simplified Tech Deals Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Global Deals Review Hot Stocks Asian Markets Inflows Outflows Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Friday, 14 December 2012
Venezuela's Chavez suffers complication from surgery |
Italy's Monti faces pressure to run in election |
Morocco police arrest protestor who impersonated king |
U.N. launches review of Congo force with battered reputation |
Israel's Lieberman, facing indictment, says need not resign |
Jury says Apple iPhone violated three patents, damages unclear |
Google Maps makes its way back to the iPhone |
U.S. says won't sign ITU telecom treaty in current form |
Internet turns U.N. telecoms talks into reality show |
Freescale CEO cautious on chip demand |
Yahoo nets PayPal co-founder in boardroom shake-up |
Analysis: Apple's new iMac a turning point for hybrid drives |
Sprint offers $2.1 billion to buy rest of Clearwire |
Singer-songwriter Carole King to receive U.S. Gershwin prize |
Actor Depardieu puts Paris house up for sale |
It's OK to crank up the music, Florida Supreme Court rules |
Matt Damon fracking film in Berlin festival lineup |
Mick Jagger love letters fetch $300,000 at auction |
Teen fashion blogger branches out with book |
With successful launch, Kim and allies cement rule in North Korea |
Progress seen in Iran-IAEA talks, new meeting in January: source |
U.S., rebels urge gloomy Moscow to help oust Assad |
Panetta signs order to send Patriot missiles to Turkey: reports |
EU leaders promise further steps to quell crisis |
Japan's LDP set for big win in Sunday election: polls |
Knife-wielding man injures 22 children in China |
Venezuela's Chavez improving after surgery complications |
Italy's Monti faces pressure to run in election |
iPhone 5 hits China as Apple market share slips |
Exclusive: Softbank caps Sprint's Clearwire bid; investors want more |
Talks on Internet treaty fail as U.S. bloc won't sign |
U.S. drops China's Taobao website from notorious list |
China labor arbitrators rule against injured Foxconn worker |
Advisory: Story on profiling in website ads withdrawn |
Adele's 21 is top-selling U.S. iTunes album of 2012 |
Singer-songwriter Carole King to receive U.S. Gershwin prize |
Homeland leads old favorites in Golden Globes TV race |
Islamists clash with opponents ahead of Egypt vote |
Hamas subdued despite Gaza victory claim-Israeli military |
France wants more two-speed Europe from 2014 |
Israeli foreign minister quits after indictment |
As ANC votes, South African poor feel party has passed them by |
Rousseff maintains popularity despite stalled Brazil economy |
Fears of election violence to dent Kenya tourism |
Apple shares open down 3.9 percent, UBS cuts price target |
Banks fend off attacks designed to disrupt online banking access |
Norman Woodland, co-inventor of bar code, dies at 91 |
ProSieben owners prepare exit after Nordic sale |
Infosys says settles whistleblower lawsuit in the U.S. |
Bennifer buried as Ben Affleck's star soars |
Film about massacre of Jews touches nerve in Poland |
Adele's 21 is top-selling U.S. iTunes album of 2012 |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01