Clearwire Dips into Sprint’s Funds

Clearwire has taken $80 million in funds from Sprint recently as part of a merger deal. This rose stocks of the company by about 1.50 million a share.

Although the merger is great for investors, it was seen as a very predictable move, as talks of the merger with Sprint and Dish have been going on for a long time; and the company was expected to take a deal from one of them eventually.

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Clearwire Dips Into Sprint’s Funds