Sprint Ups Clearwire Offer To $2.2 Billion
Sprint Nextel Corp. (NYSE: S) will pay approximately $2.2 billion to acquire the remaining 50% stake in Clearwire Corp. (Nasdaq: CLWR) that it does not already own. Shareholders were hoping for a higher price. Shares of Sprint edged up a penny to $5.56 while Clearwire stock fell 42 cents to $2.95.

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