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Struggling Sprint Rejects $5B Offer

Former CEO's Nextel legacy remains divisive

By Jane Yager,  Newser Staff

Posted Nov 30, 2007 4:57 AM CST

(Newser) – A bid by SK Telecom and Providence Equity to invest $5B in Sprint Nextel and install former Sprint chairman Tim Donahue as the company CEO has met with swift rejection from the Sprint board. The move comes as Sprint, which has seen its stock plumet...   Read full story »

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