Sprint ups offer to $2.2B for rest of Clearwire

OVERLAND PARK, Kan. (AP) — Sprint Nextel will buy out minority shareholders of Clearwire for $2.2 billion, a higher price than it previously said it would pay.

Sprint said Monday it will pay $2.97 per share for the approximately 50 percent stake in Clearwire stock it doesn't already own. The company had said Thursday it would offer $2.90 per share, which totaled $2.1 billion.