December 14, 2012
Deals Of The Day 12/14/12
Looking to own the whole shebang, majority shareholder Sprint Nextel is offering $2.1 billion ($2.90 per share) to buy the 49 percent of Clearwire’s stock it doesn’t already own; Sprint’s potential majority owner, Softbank, capped any offer at $3). The offer is considered by many in the industry to be bargain-basement, but it may be the key to Clearwire’s future survival. The offer was vetted by Sprint’s board and now is under consideration by Clearwire. And just to cement its good intent, Sprint says it will give Clearwire $800 million to keep operating before a deal even closes…Zayo Group LLC inked the definitive paperwork to buy Litecast/Balticore LLC, a Baltimore provider of metro bandwidth infrastructure services, for $22 million. Litecast’s MAN connects more than 110 on-net buildings, including all of the city’s major datacenters and carrier hotel facilities. The purchase, according to Zayo, complements its recently acquired AboveNet and FiberGate networks in the Washington, D.C., and northern Virginia area…SYNNEX Canada Limited, a wholly owned subsidiary of SYNNEX Corporation, will sell the AirTouch SmartLinX "super router" through SYNNEX Canada's retail channel as a part of the distributor's offerings in the "connected home" category. The AirTouch SmartLinX, made by AirTouch Communications, lets smartphone users connect to their landline services…An agreement between Cox Communications and The Walt Disney Company will allow Cox to deliver Disney’s lineup of sports, news and entertainment content to Cox TV customers on a “TV Everywhere” platform. The companies also announced that ESPNEWS and ESPN Classic will be added to Cox TV Connect, Cox’s proprietary app that allows customers to watch live TV on the iPad, iPhone and iPod touch from anywhere in their homes.