Dish tops Sprint's bid for Clearwire ahead of vote

May 30, 2013

Satellite TV operator Dish Network has raised its bid for Clearwire Corp., valuing the wireless network operator at $6.9 billion, in an attempt to outbid Sprint Nextel Corp. two days before Clearwire shareholders are meeting to vote on a deal.

Dish's bid of $4.40 in cash per share is 29 percent higher than Sprint's bid of $3.40 per share. Sprint wants to buy the half of Clearwire that it doesn't already own.

Dish's previous offer, from January, was for $3.30 per share.

Dish Network Corp. chairman Charlie Ergen said in a statement that Clearwire's —space on the airwaves—is key to Dish being able to deliver future services.

Dish has also offered to buy Sprint.

Clearwire shares are up 22 percent to $4.23 in after-hours trading.

Explore further: FX says overnight ratings becoming meaningless

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Dish Network makes $5.15B bid for Clearwire

Jan 08, 2013

Wireless network operator Clearwire, which agreed to sell itself to Sprint in December, says satellite TV provider Dish Network Corp. is offering to buy the company for $3.30 per share, or $5.15 billion.

Sprint to listen to Dish offer

May 21, 2013

Wireless company Sprint Nextel Corp. says it can now let Dish Network Corp. see its books and talk with Dish to see whether its competing offer to buy Sprint is better than its current deal with Japan's SoftBank.

Recommended for you

Chinese portal Sohu reports $45 million loss

1 hour ago

(AP)—Sohu.com Inc., operator of a popular Chinese Internet portal, said Monday it lost $45 million in the latest quarter while revenue rose 18 percent to $400 million.

Sapphire talk enlivens guesswork over iPhone 6

12 hours ago

Sapphire screens for the next iPhone? Sapphire is second only to diamond in hardness scratch-proof properties, used in making LEDs, missiles sensors, and on screens for luxury-tier phones. Last year, the ...

User comments : 0