InfoAnda - Exclusive: Softbank caps Sprint's Clearwire bid; investors want more |

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

Last chance to see Inca treasures in Europe | 20 October 2010
HTC shares jump after settles patent issues with Apple | | 12 November 2012
Overnight shooting in Yemen's capital wounds 8 | | 17 September 2011

Ke$ha leads U.S. pop singles chart for second week | | 4 January 2010

Forum Views () Forum Replies ()

Read more with google mobile : Exclusive: Softbank caps Sprint's Clearwire bid; investors want more |

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 India Morning Call-Global markets 13 Dec 2012 Israeli soldiers assault two Reuters cameramen 13 Dec 2012 U.S., rebels urge gloomy Moscow to help oust Assad | 13 Dec 2012 California health officials sound alarm over hookah smoking 13 Dec 2012 Obama, Boehner hold "frank" meeting amid "fiscal cliff" frustration 13 Dec 2012 Discussed 101 ”Fiscal cliff” talks down to Obama and Republican Boehner 81 Obama says he’s ready to work with Republicans to avoid ”fiscal cliff” 80 Protesters to march on Michigan capitol over ”right-to-work” vote 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 Exclusive: Softbank caps Sprint's Clearwire bid; investors want more Tweet Share this Email Print Related News Sprint offers $2.1 billion to buy rest of Clearwire Thu, Dec 13 2012 Sprint in talks with major Clearwire investors: sources Tue, Dec 11 2012 Related Topics Tech » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » Media » A jogger runs past a Softbank shop in Tokyo October 16, 2012. Softbank Corp's pricey $20 billion (12 billion pounds) bid to buy control of No. 3 U.S. telecoms company Sprint Nextel Corp marks a bold move by billionaire CEO Masayoshi Son beyond his flagging home market. To match Analysis SPRINT-SOFTBANK/LANDSCAPE Credit: Reuters/Kim Kyung-Hoon By Nadia Damouni and Sinead Carew NEW YORK | Thu Dec 13, 2012 10:34pm EST NEW YORK (Reuters) - Sprint Nextel Corp's $2.1 billion offer to buy out Clearwire Corp appeared to be running into trouble on Thursday, as some shareholders said they wanted more money while Softbank Corp set a cap on how much Sprint could pay. Sprint, which owns 50.45 percent of Clearwire, offered $2.90 per share for the rest of the company and said it would also provide interim financing of $800 million to the cash-strapped company. Any deal would need approval by Softbank, which has agreed to buy 70 percent of Sprint for about $20 billion. Clearwire shareholders, who together hold about 7.6 percent of the company, criticized the Sprint offer on Thursday, with some saying that the No. 3 U.S. wireless carrier should raise its bid to at least $5 per share. Holders of at least 24.8 percent of Clearwire's outstanding stock, other than Sprint, need to approve the deal. Clearwire, which is reviewing the Sprint offer, saw its shares jump almost 15 percent on Thursday to $3.16, suggesting investors expected a higher price. But Softbank has told Sprint that it would not consent to any Clearwire bid higher than $2.97 per share, two sources close to the matter said. The threshold is the same price that Sprint recently paid to buy a small stake from Clearwire founder Craig McCaw's Eagle River Holdings LLC. Sprint, Clearwire and Softbank declined to comment on the details of these discussions. For Clearwire, the deal is one of the few options it might have to survive in the long term. The company needs to raise more financing to upgrade its network and to keep the business afloat. It has said that it has enough money to last it until the third quarter. Stabilizing Clearwire is also in Sprint's interest, which not only has a majority ownership of the company. The hurdles Sprint is running into highlight the complexities it faces in trying to take on its larger rivals, Verizon Wireless and AT&T Inc. A deal would also bolster Sprint's network and give the carrier full control of Clearwire's substantial spectrum. The timing of Sprint's current negotiations with Clearwire is being driven by Clearwire's uncertain liquidity position, said the sources who asked not to be named because the discussions are private. A third source close to the situation said Clearwire is also in talks about other strategic alternatives besides the Sprint offer. The person did not give details about what those alternatives were. INVESTORS GRIPE, SOFTBANK SETS CAP Several Clearwire shareholders on Thursday said they were dissatisfied with Sprint's offer. Crest Financial, which owns more than 3 percent, said it "intends to take whatever actions it can" to protect Clearwire shareholders against "unfair dealing by Sprint and other parties." Even before the Sprint offer was formally announced, Crest had filed a lawsuit on Tuesday against Clearwire and Sprint to try to thwart a deal after reports emerged about discussions between the companies. Another shareholder, who declined to be named, told Reuters in an interview that an offer in the $5 per share to $8 per share range would be more acceptable to investors. "This deal should happen. It's good for Clearwire. It's good for Sprint. $2.90 is not the right price," said the person who asked not to be named due to a lack of authorization to talk in public about investments. Chris Gleason, a managing partner of Taran Asset Management, said "$5 to $7 is a fair range." "You're at $5.30 before you start being real," said Taran, who owns about 3 million Clearwire shares. But Softbank, which holds the key to the deal, is not willing to go that high, according to the sources. Softbank founder Masayoshi Son's $2.97 per share threshold for the bid comes as Clearwire's shares have risen over the past couple of months on investor expectation of the deal. The Eagle River purchase represented roughly a 130 percent premium to where Clearwire's stock had been trading before news of Softbank's deal with Sprint. Moreover, if Sprint were to pay any other shareholder a higher price than the Eagle River deal, it would have to increase its payments to Eagle River to match the higher price. The final outcome of the deal, however, remains unclear. Clearwire's other minority shareholders include Intel Corp and Comcast Corp, which own about 12.4 percent between them. Sprint has been in discussions with those companies about purchasing their shares, sources have said previously. Intel said on Thursday that it was evaluating Sprint's offer, while Comcast declined to comment. Analysts said Clearwire could also afford to hold out for a higher price. "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 the $2.90 bid," JPMorgan analyst Philip Cusick said in a research note. Pacific Crest analyst Michael Bowen said he believes that Sprint "should not pay more than $3" per share for Clearwire, but he added that the company may be pressured into eventually increasing its offer to $3.50 per share. (Reporting by Nadia Damouni and Sinead Carew; Editing by Ken Wills and Paritosh Bansal) Tech Deals Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Global Deals Review 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		BlogMeter 1.01