After six months of back and forth, shareholders from Bellevue-based Clearwire today made it official when they approved Sprint’s $5 per share offer.
For those who have not been following along, Sprint will buy the remaining half of Bellevue-based Clearwire that it doesn’t already own. A long-running bidding war with Dish came to a close last month when Sprint upped its offer for Clearwire to $5 per share. Meanwhile, SoftBank is buying Sprint, the nation’s No. 3 carrier, for $21.6 billion. The FCC approved both transactions last week.
Sprint plans to use Clearwire’s spectrum to bolster its wireless network and better compete with the big boys like Verizon and AT&T.
The Sprint/Clearwire merger will be finalized on Tuesday.