Report: DISH Network Bids to Buy Clearwire, Tops Sprint

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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.

This is a developing story. Please refresh this page for updates. Follow @fox4kc on Twitter for the latest.

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