Analysts urge Clearwire to take Sprint's reported buyout bid

12/13/2012 | Bloomberg Businessweek

A number of analysts believe Clearwire would have no choice but to accept a $3-a-share takeover offer from Sprint Nextel, saying the wireless services provider could be worth a lot less in the future because of its continued losses and dwindling cash hoard. The partners are reportedly discussing such a move. "It's Sprint or nobody. They're losing money hand over fist. They're burning so much cash. At the end of the day, Clearwire's worth what Sprint's willing to pay for it," said Christopher King, an analyst at Stifel Financial.

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