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Clearwire shareholders approve the Sprint buyout

By Binary Outcast on Monday, July 8th, 2013
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In the latest bout of buyout news, we now know that Clearwire has approved the Sprint buyout – just in time for them to become part of Softbank!

82% of shareholders voted in favour of Sprint buying them out, which means Sprint will gain roughly 106MHz of 2.5GHz spectrum from the acquisition. It also means that the buyout will be complete around the same time Softbank buys out Sprint. It is likely the deal will close July 9th – or, tomorrow.

Source: Reuters