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Sprint Said to Hold Talks With Cable Companies About Clearwire Buyout Plan
Posted: 19-Aug-2011 [Source: Bloomberg]

[Clearwire shares soar after news that Sprint is talking with cable companies about a possible investment leading to an acquisition of Clearwire.]

By Olga Kharif and Alex Sherman (Bloomberg) -- "Sprint Nextel Corp. (S) is talking with cable companies about a possible investment that may lead to an acquisition of partner Clearwire Corp. (CLWR), according to three people familiar with the talks. Clearwire shares soared."

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