Wireless carrier Sprint Nextel Corp said it has acquired a majority interest in Clearwire Co. by buying a stake from the company's founder.
A similar attempt by Sprint to take control of Clearwire last week was scuttled by a dispute with Intel and other investors.
Clearwire shares fell more than 8 percent as the new arrangement appears to have dashed hopes that Sprint would buy the company outright.
Source: Reuters. Read full article. (link)