Wireless broadband company Clearwire was corporate venturing-backed by companies including Intel Capital. Shareholders will receive $2.2bn upon sale of the company.
Wireless broadband company Clearwire has sold entirely to Sprint, which previously owned 100% of the company’s shares. Shareholders will receive $2.2bn upon sale of the company.
Intel Capital backed Clearwire’s $600m round in 2006 which left it nursing a financial loss, according to the corporate venturing unit’s president Arvind Sodhani in October.
In a regulatory filing in August, Intel’s remaining holdings of Clearwire were worth $31.8m down from $107.5m the year before after selling shares.
