Clearwire board approves Sprint's revised bid
Just a day after Sprint upped its bid to acquire Clearwire, the latter's board has said that it's the right deal for the company.
In a statement released on Wednesday, Clearwire's board announced that it has approved the new deal with Sprint. The board has also asked shareholders to vote in favor of the acquisition when they meet to place their ballots on May 31.
Sprint made a surprising announcement on Tuesday, saying that it would up its initial offer to buy the remaining 50 percent of Clearwire that it doesn't own from $2.97 per … Read more