Report: DISH Network Bids to Buy Clearwire, Tops Sprint
OVERLAND PARK, Kan. — Clearwire Corp. said late Tuesday that it was considering a counteroffer from Dish Network, REUTERS reported.
DISH said they would offer $3.30 a share to acquire Clearwire. Previously, the company was agreed to be bought out by Sprint-Nextel for $2.97 a share.
Dish has offered to acquire up to all of the outstanding shares of Clearwire, which is majority-owned by Sprint, which is based in Overland Park, a statement from Clearwire said.
Clearwide said the proposal was unsolicited and non-binding and that it was only a preliminary indication of interest and subject to a number of uncertainties and conditions, according to a statement.
Clearwire’s board of directors has not made any change to its recommendation of the current Sprint transaction, Clearwire said.
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