Sprint will not Buyout Clearwire, Sending Shares Plummeting

Following merger talks between Sprint Nextel Corporation (NYSE:S) and Japanese firm Softbank Corp (PINK:SFTBF) (TYO:9984), Clearwire’s shares have embarked on a bullish stretch. The improved outlook on Clearwire Corporation (NASDAQ:CLWR) was fuelled by increased speculation that Sprint would purchase the remaining stake at Clearwire if the Softbank merger talks bore fruits. Now that Sprint has agreed to sell a 70 percent stake to Softbank for $20.1 billion, Clearwire seems to . . .


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