Sprint in active talks with Clearwire, CNBC's Faber reports

theflyonthewall.com

Sprint (S) is in active discussions with Clearwire (CLWR) to acquire the 49% of the company it does not already own, CNBC's David Faber reports. Sprint hopes the potential buyout of Clearwire will coincide with the closing of its transaction with Softbank, Faber added. A merger announcement could come by year-end, the reporter said. Shares of Clearwire jumped 12%, or 29c, to $2.69 following Faber's report, while Sprint shares declined 4c to $5.62.

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