Sprint Nextel Corp. is up to its neck in a merger fight, and it’s all about airwaves. But Sprint is waging another battle over a separate, lower-profile effort to buy the roughly 50 percent stake it doesn’t own in wireless-broadband operator Clearwire Corp.
John Malone’s international cable business Liberty Global Inc. has agreed to acquire U.K. cable-television and Internet provider Virgin Media Inc. for $16 billion, in a deal that may create a stronger rival to market leader British Sky Broadcasting Group PLC.
Dell Inc. on Monday was close to finalizing a $23 billion deal to take itself private at between $13.50 and $13.75 a share, said people familiar with the matter, in a buyout that marks an unofficial end to the era when a handful of young entrepreneurs made PCs the dominant computing device.
In a regulatory filing Friday, Clearwire said it opted not to tap financing made available by Sprint for February — a step that could have caused Dish to withdraw its proposal to buy Clearwire for $3.30 a share. Clearwire has agreed to sell itself to Sprint for $2.97 a share.
Dell Inc.’s journey from computer king to buyout candidate reflects the difficulty of abandoning what propelled it to prominence: A finely tuned supply chain that could quickly assemble and deliver custom-ordered computers at a lower cost than the competition.