Softbank puts cap on how much it'll pay for Clearwire, report says
Japan-based Softbank is limiting how much Sprint can pay to acquire Clearwire, a new report claims.
Sprint Nextel yesterday confirmed in a Securities and Exchange Commission filing that it's willing to pay $2.90 a share to buyout the remaining shares in Clearwire. The total cost would be $2.1 billion. Some Clearwire shareholders, however, are saying that Sprint should up its bid to $5 per share.
But there's just one problem: according to Reuters, citing sources who claim to have knowledge of the dealings, Softbank has banned Sprint from paying any more than $2.97 per share … Read more