News & Events

The Firm is representing the Special Committee of the Board of Directors of Clearwire Corporation (NASDAQ: CLWR) in connection with the Special Committee’s review of strategic alternatives available to the Company, including proposals from Sprint Nextel Corporation (NYSE: S) to acquire the remaining shares of Clearwire that Sprint does not already own, which has resulted in an increased merger agreement from Sprint at $3.40 per share, or approximately $2.5 billion for such stake.  The Firm is also representing the Special Committee in connection with the recent unsolicited tender offer by DISH Network Corp. (NASDAQ: DISH) to acquire all outstanding common shares of Clearwire at $4.40 per share, subject to certain conditions.  The Firm is working with the Special Committee to evaluate the revised merger agreement from Sprint and the tender offer from DISH in order to determine the course of action that the Special Committee believes is in the best interests of Clearwire’s non-Sprint Class A stockholders.

Clearwire, through its operating subsidiaries, is a leading provider of 4G wireless broadband services offering services in areas of the United States where more than 130 million people live.  Clearwire holds the deepest portfolio of wireless spectrum available for data services in the United States.  Sprint offers a comprehensive range of wireless and wireline communications services bringing the freedom of mobility to consumers, businesses and government users, having served nearly 56 million customers at the end of the third quarter of 2012. DISH, a Fortune 200 company, provides approximately 14.092 million satellite TV customers, as of March 31, 2013.

The Simpson Thacher team includes Rob Spatt, Marni Lerner, Ariel Oxman and Leah Shen (M&A); Joe McLaughlin and David Tejtel (Litigation); and Marissa Wesely (Finance).