Now that Sprint has raised its bid for Clearwire to $5 a share, it has received the support of the network wholesaler's board. Major stockholders and funds have now switched from supporting Dish's $4.40 a share bid to rallying behind Sprint's higher offer. Mount Kellett Capital Management is the company's largest stockholder with an 18.22% stake and its haul from Sprint's offer will amount to almost $638 million. Comcast is next with 12.66% of the company which is worth $442.5 million at the $5 price.
The Clearwire stockholder vote is now set for July 8th and the chart below shows what the top Clearwire stock holders will receive if Sprint's $5 bid is approved by stockholders.
List of top Clearwire stockholders and what they stand to receive at $5 a share
Alan, an ardent smartphone enthusiast and a veteran writer at PhoneArena since 2009, has witnessed and chronicled the transformative years of mobile technology. Owning iconic phones from the original iPhone to the iPhone 15 Pro Max, he has seen smartphones evolve into a global phenomenon. Beyond smartphones, Alan has covered the emergence of tablets, smartwatches, and smart speakers.
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