MetroPCS (PCS -2.2%) has sold off following news Clearwire's board has approved the full sale of...

|By:, SA News Editor

MetroPCS (PCS -2.2%) has sold off following news Clearwire's board has approved the full sale of the company to Sprint. Shares had already slumped this month on a Reuters report Sprint is unlikely to make a bid for the carrier before the SoftBank deal closes, something that could preclude an offer from happening before MetroPCS' planned merger with T-Mobile USA goes through.