Deals
Sprint to Buy McCaw’s Stake in Clearwire Before Softbank
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Sprint Nextel Corp., the company that agreed to sell 70 percent of itself to Softbank Corp., plans to acquire telecom pioneer Craig McCaw’s stake in Clearwire Corp., gaining a majority of the wireless carrier.
Sprint will pay Eagle River Holdings LLC, the investment firm owned by McCaw, about $100 million for 30.9 million of Clearwire’s Class A shares, or 4.5 percent of the total, and