This morning, after the announcement from Softbank that it is in advanced talks to acquire a large stake in Sprint Nextel Corporation (NYSE:S), shares in both that firm and Clearwire Corporation (NASDAQ:CLWR) have spiraled upward in what can only be described as frenzied market action. The price put on Sprint, according to this morning’s reports, is $12.8 billion for an estimated 75% of the company. After today’s dizzying rise, Spring Nextel Corporation is worth $17.33 billion in market capitalization. 75% of that number is just under $13 billion. Along with the rise in Sprint stock there has been an associated,…
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