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http://bgr.com/2013/07/05/sprint-softbank-clearwire-fcc-approval/The U.S. Federal Communications Commission on Friday approved SoftBank's acquisition of Sprint. The agency also gave Sprint the green light to purchase the remaining 49% of Clearwire it did not already own. Sprint shareholders previously approved SoftBank's offer of $21.6 billion in cash and stock for an 80% stake in the company. The carrier's deal to acquire the rest of Clearwire will give current Clearwire shareholders $5 per share and will value the company at approximately $14 billion. Clearwire shareholders are scheduled to vote on Sprint's proposal on July 8th, and Sprint said it believes both transactions will close later this month. The company's press release follows below.
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Via BRG - Boy Genius Report
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Via BRG - Boy Genius Report
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