US/Japan: Sprint acknowledges Clearwire buyout revolves around merger with SoftBank
In an interview, chief executive Dan Hesse of wireless company Sprint told the media that the company’s planned buyout of Clearwire could depend on another merger with SoftBank Corp., based in Tokyo. A vote among Clearwire shareholders is scheduled for May 21 and will decide whether to approve of Sprint’s $2.2 billion deal for the remaining 49 percent of the company not already owned by Sprint. While Hesse noted that the deals were not entirely dependent on each other, and that Sprint may still proceed with the Clearwire buyout if the merger with SoftBank falls through, he noted that the company is not “obligated” to proceed with the Clearwire transaction. Still, Hesse expressed his hope for approval from Clearwire shareholders. Concerning the merger with Softbank, Hesse said he expects the deal to close by July.
Full Content: Kansas City Star
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Uruguayan Antitrust Scrutiny Puts Major Meatpacking Deal Between Marfrig and Minerva on Hold
May 19, 2024 by
CPI
Alaska Airlines Seeks Dismissal of Consumer Lawsuit Over $1.9 Billion Hawaiian Airlines Buy
May 19, 2024 by
CPI
Idaho Attorney General Orders Split of Kootenai Health and Syringa Hospital
May 19, 2024 by
CPI
Court Rejects T-Mobile’s Appeal Bid in Antitrust Case Over Sprint Merger
May 19, 2024 by
CPI
Google Requests Judge, Not Jury, to Decide on Antitrust Case
May 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI