Topic: Craig McCaw
Clearwire minority shareholders will be bought out by Sprint for $2.2 billion, a higher price than it previously said it would pay. The Clearwire deal still needs approval from shareholders and regulators, but Sprint expects to get it done by the middle of 2013.
Sprint purchase of Clearwire stock will give it a 53 percent stake in the wireless network operator. Clearwire has large network but weak financials.