Verizon Bids $1.5 Billion For Clearwire Spectrum
Verizon has made a $1.5 billion bid for the spectrum owned by Clearwire Corporation (NASDAQ:CLWR) according to news from the Wall Street Journal this morning. A major part of Clearwire is owned by Sprint Nextel Corporation (NYSE:S) which has itself been the subject of more than one buyout offer.