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Sprint Nextel, Clearwire Near Pact: Report

Stock quotes in this article: S , CLWR , CMCSA , INTC , GOOG , TWC  

Sprint Nextel (S Quote) has reached a deal to combine its wireless broadband division with Clearwire (CLWR Quote), according to a published report Tuesday.

The Wall Street Journal said the companies will get investments of roughly $1 billion each from Comcast (CMCSA Quote) and Intel (INTC Quote), about $550 million from Time Warner Cable (TWC Quote) and around $500 million from Google (GOOG Quote).

A formal announcement could come as early as Wednesday, the report said, citing people would had knowledge of the matter. ...

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