The board urges shareholders to vote "yes" for the bill when they meet to place their ballots on May 31.
The sale of its stake in Beats Electronics helps the Taiwanese handset maker avoid recording a second-consecutive quarterly loss.
After a subpar showing during the second quarter, the company returns to beating Wall Street's predicted targets.
Taiwanese handset maker posts net loss of $101 million in the third quarter on reportedly weakened sales of its flagship HTC One smartphone.
"You can take that to the bank," CEO Dan Hesse tells CNET on his sweetened offer for Clearwire.
Peter Chou sheds sales and marketing responsibilities at the beleaguered handset maker to focus on innovation and product development, the Financial Times reports.
Users are loving Yahoo's 15 product updates from the quarter, according to CEO Marissa Mayer. But don't ask what that does for Yahoo's bottom line.
Sprint officially acquires the remaining 50 percent of Clearwire a day after shareholders overwhelmingly vote to approve the deal.
Company shareholders are asking Sprint to increase its $2.97 per share bid for the mobile broadband provider, but majority stakeholder Softbank has capped the bid.
After proxy advisory firm Glass Lewis reiterates that shareholders should vote "no" to an acquisition by Sprint, Clearwire pipes up.