AfterDawn: Tech news

Dish bids up for Clearwire, may push Sprint out of running

Written by Andre Yoskowitz @ 01 Jun 2013 6:10

Dish bids up for Clearwire, may push Sprint out of running Although it had been a lock that Sprint would be purchasing the rest of 4G spectrum operator Clearwire, Dish Network recently upped their bid by a significant amount, leading shareholders to reconsider.
Sprint had offered $3.40 per share in April, and a vote was set for this week before Dish countered with $4.40 per share, a huge increase.

One large shareholder, Crest Financial, which currently holds 8 percent of outstanding shares, has said the company should open itself to competitive bidding now given the new offer.

Making the move even more complicated is the fact that Dish has offered $25 billion to buy Sprint as a whole, competing with an offer from Japan's third largest carrier, Softbank.

A special committee from Clearwire will take two weeks to review the new proposal and vote on June 13th.

Previous Next  
Comments have been disabled for this article.

Latest news

Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets (06 Jun 2023 9:19)
Roomba Combo j7+ is the very first Roomba model to combine robot vacuum with mopping features. And Roomba Combo j7+ does all that with a very clever trick, which tackles the problem with mopping and carpets. But is it any good? We found out.
Neato, the robot vacuum company, ends its operations Neato, the robot vacuum company, ends its operations (02 May 2023 3:38)
Neato Robotics has ceased its operations. American robot vacuum pioneer founded in 2005 has finally called it quits and company will cease its operations and sales. Only a skeleton crew will remain who will keep the servers running until 2028.
5 user comments
How to Send Messages to Yourself on WhatsApp How to Send Messages to Yourself on WhatsApp (20 Mar 2023 1:25)
The world's most popular messaging platform, Meta-owned WhatsApp has enabled sending messages to yourself. While at first, this might seem like an odd feature, it can be very useful in a lot of situations. ....
18 user comments
How to Enable Bluetooth on Stadia Controller How to Enable Bluetooth on Stadia Controller (11 Feb 2023 1:04)
Google shut down its streaming game service Stadia late last month and this means that some people have Stadia controllers lying around that seem to be of no use. That is fortunately not the ....
2 user comments
Guide: How to Kick Unwanted Guests from Your Netflix Account Guide: How to Kick Unwanted Guests from Your Netflix Account (26 Jan 2023 2:14)
Sharing a Netflix account with a person in a different location is possible and indeed very common, although the company doesn't necessarily enjoy this behavior from their customers. However, ....

News archive