Sprint Seals Deal For 100% Ownership Of Clearwire, At $2.97 Per Share Or $2.2 Billion Total

Sprint today announced that it has arranged an agreement with Clearwire to buy out the remainder of the smaller company for $2.2 billion, or $2.97 per share. The final price is at the top of the reported ceiling put on the total cost of the acquisition reportedly placed on the deal by SoftBank's chairman. SoftBank's 70 percent investment in Sprint made the deal possible, and this arrangement will be contingent on the successful closing of the SoftBank one going through, which should take place around mid-2013.

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