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Dish drops Sprint bid to focus on Clearwire

Written by Andre Yoskowitz (Google+) @ 18 Jun 2013 22:40 User comments (1)

Dish drops Sprint bid to focus on Clearwire Dish Network has announced today that they will not be making new bids for Sprint, instead choosing to focus on 4G spectrum company Clearwire.
The news should be a relief for Japanese carrier SoftBank, who had to up their original bid as Dish tried to counter. SoftBank bid $21.6 billion for a 78 percent share of the company.

Although the company says it "continues to see strategic value in a merger with Sprint" but will not offer a new bid before the June 18th deadline set by Sprint's board.

Sprint also bid for Clearwire earlier this year, at $3.40 per share. Dish countered with $4.40 per share, and Clearwire's board recommended that shareholder vote for Dish's superior offer.

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1 user comment

121.6.2013 7:57

If Sprint owns 50.xx% of Clearwire, why is Dish bidding? 50.XX controls the board so why try to jack up the price or whatever.
I have no interest either way and don't care who get's control, just wonder how Dish is going to get control when Sprint has more than 50% ownership.

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