News: Deals: Reports

Clearwire Corp & Investor Group	Update Date: 07/22/08
Date Announced: 05/07/08
Value (million $USD): 3.20 billion U.S. Dollar

Status: Pending

TRANSACTION DETAILS
Date Announced	05/07/08
Date Originally Announced	05/07/08
Format	Acq. Part. Int.	Acquisition techniques	Acquiror is an Investor G; Privately Negotiated Purc
Attitude	Friendly	Agency	n/a
Value	3.20 billion U.S. Dollar	Advisor Fees	n/a

SYNOPSIS

US - An investor group, comprised of Intel Capital Corp, a unit of Intel Corp, Google Inc, Comcast Corp, Time Warner Cable Inc, a unit of Time Warner Inc, and Bright House Networks, agreed to acquire a 22% stake, or 36.123 mil shares, in Clearwire Corp (CC), a provider of wireless Internet services, for $3.2 bil, in a privately negotiated transaction. Concurrently, CC agreed to merge its wireless broadband business with the wireless broadband business of Sprint Nextel Corp. On a separate transaction, Trilogy Equity Partners agreed to acquire an undisclosed minority stake in CC.

TARGET
Name	Clearwire Corp (CLWR)
Industries	Prepackaged Software; Telephone communications, except radiotelephone
City	Kirkland
State	WA
Nation	United States
Incorporated in	DE
Public Status	Public
Business Description	Clearwire Corp, headquartered in Kirkland, Washington, provides wireless high-speed Internet services. The company has offices and operations in Europe and Mexico. The company was founded in 2003.
Advisors	Morgan Stanley; JP Morgan & Co Inc; Lehman Brothers; Citi
Target Sales	173.7 million U.S. Dollar

ACQUIROR
Name	Investor Group
Industries	n/a
City	n/a
State	n/a
Nation	United States
Incorporated in	n/a
Public Status	Private
Business Description	Investor group
Advisors	Merrill Lynch & Co Inc; UBS Investment Bank
Acquiror Sales	n/a

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