Sprint and Clearwire have combined their WiMax businesses to form a new venture that will be focused on next generation broadband services. The company will be backed by $3.2 billion from the likes of Intel, Google, Comcast, Time Warner Cable and Bright House Networks. This new venture, which will be called Clearwire, gives WiMax better footing as a next-generation 4G wireless network. WiMax is a technology that has been supported by Intel and other technology heavyweights, but was hampered because the primary carriers--Sprint and Clearwire--lacked the financial heft to roll 4G services out. Under the terms of the deal (Sprint statement, Clearwire statement, Techmeme), Clearwire will get Sprint's XOHM unit. The investment from Clearwire's supporters has a target price of...