Sprint of­fers $2 bil­lion for rest of Clear­wire

Austin American-Statesman - - BUSINESS - Com­piled from staff and wire re­ports.

NEW YORK — Sprint Nex­tel has of­fered to buy out the mi­nor­ity share­hold­ers of Clear­wire for $2.1 bil­lion in a deal that would give it to­tal con­trol of the strug­gling com­pany and also more space on the air­waves for data ser­vices.

Sprint said in a reg­u­la­tory fil­ing Thurs­day that it’s of­fer­ing $2.90 per share for the 49 per­cent of the wire­less net­work op­er­a­tor that it doesn’t al­ready own.

Clear­wire’s board hasn’t ap­proved the sale, but said it’s in dis­cus­sions with Sprint. Clear­wire shares jumped 15 per­cent to $3.16, sug­gest­ing that in­vestors be­lieve a bet­ter of­fer may be coming.

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