$3.2 Billion WiMax Deal Goes Through. Take Cover.

The deal to combine Sprint Nextel’s and Clearwire’s fledgling WiMax businesses that was rumored last March is finally expected to go through. Comcast and Intel are supposed to put in $1 billion each; Time Warner, $550 million; Google, $500 million; and regional cable provider Bright House Networks, $100 million. The new company, which [...]