Monday, April 9, 2007

UPDATE 1-NextWave Wireless to buy IPWireless

(Reuters) - The company said it would pay up to $135 million more in cash and stock based on the achievement of certain revenue milestones in 2007 to 2009.

Under the terms, NextWave will pay $25 million in cash and $75 million in NextWave common stock at the deal's closing, the wireless broadband mobile products maker said in a statement.


Read more at Reuters.com Mergers News

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