The Wall Street Journal reports that the much-talked about WiMAX joint venture between Clearwire and Sprint Nextel is a go, but the report was short on details, which will be revealed tomorrow. The combined company will be worth $12 billion, but GigaOm said there could be trouble, as the many investors backing it make "this is a spaghetti-like mess of conflicts and self-interests." So far (aside from Clearwire and Sprint), Comcast is putting $1.05 billion into the project, Intel $1 billion, Time Warner Cable $550 million, Google $500 million, and Bright House Networks $100 million. The new company will …

Yahoo and its CEO Jerry Yang received a thorough haranguing from respected portfolio manager Gordon Crawford, whose firm, Capital Research Global Investors, is Yahoo's biggest shareholder in separate reports. "I'm extremely disappointed in Jerry Yang," Crawford told The Wall Street Journal. "I think he overplayed a weak hand. And I'm even more disappointed in the independent directors who were not responsive to the needs of independent shareholders." Responding to comments made by Yahoo Chairman Roy Bostock that he was pleased so many shareholders supported the board's decision, Crawford told The New York Times. "I would love to know who these …

The AFP said the non-Microhoo deal has been a win for Google on several fronts because Microsoft walking away from the deal won't allow the companies to return to service as normal. The software giant now has to continue searching for something that can give its flagging online services business a shot in the arm. Yahoo must also do something to keep its stock price from sliding any further-and the most likely near-term announcement is some kind of Google search partnership. Meanwhile, as the Microhoo saga dragged on, stalling each company's progress, Google continued to gain search share. It …

The London Times reports that following the collapse of the Microsoft-Yahoo merger, other parties have swooped in to start negotiations with the software giant over a possible tie-up. Time Warner's AOL and News Corporation are the two companies mentioned , although the report fails to name its sources. Yahoo, meanwhile, is expected to sew up a search advertising deal with Google within the next week. Separately, Sir Martin Sorrell, chief executive of the advertising group WPP, said that the deal would have been good for the advertising industry, but that Microsoft showed its toughness in walking away from the …

Now that the deal is over, The New York Times' Saul Hansell said that Microsoft and Yahoo now have to show the market that they can thrive independently. And what better way to drum up enthusiasm than a couple of savvy acquisitions? Of course, Hansell admits that its harder to create long-term value in tech companies, and both Microsoft and Yahoo have stumbled with their forward-looking acquisitions in the past: Microsoft through its acquisition of Hotmail, which proved that Webmail isn't a big moneymaker, and Yahoo through its purchases of Overture and Inktomi, which effectively became Yahoo Search, replacing Google …