Saturday July 06, 2013

FCC Approves SoftBank Merger with Sprint and Clearwire

The FCC has approved the acquisition of Sprint and Clearwire by SoftBank. Dish network was bidding on both companies against SoftBank, but came up short on both proposals.

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.