M&A Deal Summary

Sprint Acquires Clearwire

On July 19, 2013, Sprint Corp. acquired communications company Clearwire, Inc.

Acquisition Highlights
  • This is Sprint’s 12th transaction in the Communications sector.
  • This is Sprint’s 13th transaction in the United States.
  • This is Sprint’s 1st transaction in Washington.

M&A Deal Summary

Date 2013-07-19
Target Clearwire, Inc.
Sector Communications
Buyer(s) Sprint Corp.
Deal Type Add-on Acquisition
Advisor(s) Evercore Group LLC (Financial)
Kirkland & Ellis LLP (Legal)

Target

Clearwire, Inc.

Bellevue, Washington, United States
website
Clearwire Inc., based in Kirkland, Washington, is a provider of reliable, wireless, high-speed broadband Internet service to consumers and small businesses.

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Buyer(S) 1

Buyer

Sprint Corp.

Overland Park, Kansas, United States

website


Category Company
Founded 1899
SectorCommunications
Employees36,000
Revenue 33.3B USD (2018)
DESCRIPTION
Building on Sprint's corporate campus in Overland Park, Kansas.
Building on Sprint's corporate campus in Overland Park, Kansas.

Sprint is a provider of wireless and wireline communications services for consumers, businesses and government users. In addition to the Sprint brand, Sprint offers its services through Virgin Mobile USA, Boost Mobile, and Assurance Wireless.


DEAL STATS #
Overall 13 of 13
Sector (Communications) 12 of 12
Type (Add-on Acquisition) 11 of 11
State (Washington) 1 of 1
Country (United States) 13 of 13
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-20 Handmark, Inc.

Kansas City, Missouri, United States

Handmark, Inc. is a mobile platforms developer applications for Android, Blackberry and Windows.

Buy -