WSJ – Verizon Wins Bidding War for Straight Path Communications

The deal comes after Verizon almost doubled a previous AT&T offer. Straight Path has licensed high-frequency radio waves that many think are the future of mobile networks. Shares in the 9 man company jumped from $35 in March to over $220 yesterday at market close.

May 11, 2017

‘Verizon Communications Inc. will buy Straight Path Communications Inc. for about $3.1 billion, after beating rival AT&T Inc. in an unusually intense bidding war for the wireless-spectrum holder.’

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