Dish Outbids Sprint For Clearwire Again — This Time By A Buck A Share

While its satcaster rival goes after Hulu, Dish on Wednesday upped the ante in its bid for a mobile-broadband operator. The Wall Street Journal reports that the No. 2 satellite TV company offered to acquire Clearwire for $4.40 a share in cash, a nearly 30% premium over Sprint Nextel’s $3.40 offer last week. Dish’s bid values its target at about $6.3 billion. It’s the second time Dish outbid Sprint for the company: Weeks after the wireless giant offered $2.97 a share for Clearwire in December, the satco came back at $3.30. “The Clearwire spectrum portfolio has always been a key component to implementing our wireless plans of delivering a superior product and service offering to customers,” said Dish Chairman Charlie Ergen in a statement. (more…)

This article was printed from https://deadline.com/2013/05/dish-outbids-sprint-for-clearwire-again-this-time-by-a-buck-a-share-510469/