I don't agree, val. Hesse had just completed almost 3 years of beating his red-headed, step-subsidiary to a pulp in order to drive it's stock price down to a small fraction of the company's true worth, net of debt.
That said, it was shrewd of Masayoshi Son to low-ball the bid for clearwire given the success that Hesse had had in manipulating the share price.
The huge mistake was for Mr. Son not to have guaged the developing opposition to the low, $2.97 bid and raise it before Crest Financial, Mt. Kellett, and the rest of them were able to organize a potent opposition.
Mr. Son may be shrewd, but he has done very badly by sticking his chin in the air and insulting clearwire shareholders by insisting on his ridiculous, $2.97 bid. A measured increase in the bid might have gotten to the thousands of small shareholders before Crest and Mt. Kellett got to them... but he didn't realize what was happening like a seasoned pro of a dealmaker might have, and the result is that he's dooming the shareholder vote.
It may be that he was being honest about being OK with 66% of the company...
... but I think he was just trying to save face... now that there is egg all over it.