Report: DISH Network Bids to Buy Clearwire, Tops Sprint

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

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.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s