Clearwire Corp shareholders voted in favor of Sprint Nextel Corp's takeover bid last Monday. The approved vote ended the six long months struggle for the control of the small US wireless operator. Clearwire approved Sprint Nextel's buyout offer to buy the rest of the company that it does no longer own.

In a statement, Clearwire said that 82% of its shareholders voted in favor of Sprint's offer to buy more than 49% of the company. The deal was priced at US$5 per share piece.

Sprint Nextel itself is also being bought by Japan's SoftBank Corp. The deal only awaits approval from a majority of the minority shares to be completed. Sprint had to raise the offer three times to satisfy shareholders and overthrow the rival bid from Dish Network Corp, a satellite TV provider.

Sprint and Dish were anxious to gain control of key wireless spectrum licenses that Clearwire holds. The acquisition would enable the winning bidder to support high speed data services.

Sprint and SoftBank approved the acquisition for Clearwire. The purchase was intended to boost the wireless network to be able to better compete with rivals Verizon Wireless and AT&T Inc.