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Clearwire Shareholders Approve Merger With Sprint’s WiMax Division

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Clearwire (NSDQ: CLWR) shareholders approved the company’s merger with Sprint’s WiMax business today during a special meeting. Clearwire said it’s on pace to close the transaction by the end of the year, at which point the new Clearwire will receive $3.2 billion in fresh capital from Intel (NSDQ: INTC), Google (NSDQ: GOOG), Comcast (NSDQ: CMCSA), Time Warner (NYSE: TWX) Cable, Bright House Networks and Trilogy Partners. The vote was one of the final steps the company needed following the FCC’s approval of the transaction earlier this month. Clearwire first announced the merger on May 7. Release.

Nov 20, 2008 1:25 PM ET

Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Technologies / Formats, Broadband, WiMax, Companies, Clearwire, Sprint

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