TELECOMMUNICATIONS
Clearwire is Sprint target
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 flailing company and also more space on the airwaves for data services.
Sprint said in a regulatory filing 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. It’s been widely assumed that Sprint, the country’s No. 3 wireless carrier, would buy out Clearwire.
— Associated Press