Sprint (S) agrees to buy the approximately 50% of Clearwire (CLWR) it does not currently own for...

|About: Sprint Corporation (S)|By:, SA News Editor

Sprint (S) agrees to buy the approximately 50% of Clearwire (CLWR) it does not currently own for $2.97/share, valuing the entire company at about $10B. Sprint notes the price is a 128% premium to Clearwire's closing price the day before the acquisition discussion news reached the market. It's also a near 12% discount to Clearwire's Friday closing price. CLWR shares halted. (PR)