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Dish Beats Sprint's Bid for Clearwire

Dan Jones
LR Mobile News Analysis
Dan Jones, Mobile Editor
5/29/2013

Late Wednesday DISH Networks LLC upped its bid for Clearwire Corp. topping Sprint's recently revised bid to own its 4G partner outright. Dish upped its bid for spectrum and 25 percent -- or more -- of Clearwire to $4.40 a share. Sprint increased its offer to own the half of Clearwire it doesn't already own to $3.40 a share last week under pressure from Clearwire shareholders. The sweetened Dish offer values Clearwire at $6.5 billion. Clearwire has put out a statement about the bid saying it will "review" the new offer. "The Special Committee has not made any determination to change its recommendation of the current Sprint transaction," Clearwire says. Sprint, meanwhile, is already planning to introduce tri-band LTE devices that use Clearwire's band, suggesting that it is expecting to win its bid. (See Could Sprint Have Clearwire Takeover in the Bag?) — Dan Jones, Site Editor, Light Reading Mobile

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DanJonesLRMobile
DanJonesLRMobile
5/31/2013 | 3:02:31 PM
re: Dish Beats Sprint's Bid for Clearwire
It seems like CLWR is at least considering the DISH offer, they postponed their shareholder meeting again.
R M
R M
5/30/2013 | 10:15:36 PM
re: Dish Beats Sprint's Bid for Clearwire
Can't at 51% sprint nix the offer from dish(much more heavily financed money and stock(yuk) anyways)
DanJonesLRMobile
DanJonesLRMobile
5/30/2013 | 7:33:42 PM
re: Dish Beats Sprint's Bid for Clearwire
Also, even if Dish gets pat-ownership of Clearwire they still have to win the bid for Sprint to get complete control, since Sprint already has 50% of clwr.
DanJonesLRMobile
DanJonesLRMobile
5/30/2013 | 12:18:58 PM
re: Dish Beats Sprint's Bid for Clearwire
Google is still digesting Motorola though...
Ray Le Maistre
Ray Le Maistre
5/30/2013 | 7:08:49 AM
re: Dish Beats Sprint's Bid for Clearwire
If I was a DISH investor I'd be asking some pretty strong questions right now... this is starting to look rather gung-ho. And as teh stock dipped more than 2% Wednesday it seems others aren't that impressed with this 'game' either...

What would be even more interesting is if Google entered the fray and topped both Dish and Sprint's bids...
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