Verizon Bids $1.5 Billion For Clearwire Spectrum

Verizon has made a $1.5 billion bid for the spectrum owned by Clearwire Corporation (NASDAQ:CLWR) according to news from the Wall Street Journal this morning. A major part of Clearwire is owned by Sprint Nextel Corporation (NYSE:S) which has itself been the subject of more than one buyout offer.

Clearwire Corporation (NASAQ:CLWR) operates a fourth generation wireless data service in the United States. The company has been partnered with Sprint Nextel Corporation for several years, and speculation that Sprint would acquire Clearwire reached a fever pitch last year, after ti was...