Sprint & Clearwire Negotiate Merger: Tech Business Roundup
Sprint Nextel Corporation (NYSE:S) and Clearwire Corporation (NASDAQ:CLWR) are reportedly closer to an agreement through which Sprint would purchase the approximate 49 percent of the firm it doesn’t already own, say inside sources, who add that a completed deal is not yet imminent and could still fall apart from complications such as Sprint’s pending arrangement to sell a majority interest to Softbank Corp (SFTBF.PK). On the upside, Sprint has of late conducted conversations with several of Clearwire’s largest shareholders, among which include Intel Corporation (NASDAQ:INTC) and Comcast Corporation (NASDAQ:CMCSA), targeted at buying their stock at around $3 per share, according to knowledgeable insiders.
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