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Clearwire Pulls IPO After Intel Investment

Stock quotes in this article: MOT , INTC  

Updated from July 5

Clearwire netted a $600 million investment from Intel's (INTC Quote) Intel Capital and says it has agreed to sell a wireless broadband unit to Motorola (MOT Quote).

The company also withdrew a planned $400 million initial public offering it originally registered in May.

In addition to selling its NextNet Wireless business to Motorola, the agreement makes Motorola a key supplier of network infrastructure to Clearwire. ...

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