tool name

close
tool goes here

Dish Network offers to buy Clearwire for $5.15 billion

Satellite TV provider Dish Network is offering to buy Bellevue-based wireless network operator Clearwire — which agreed to sell itself to Sprint in December — for $5.15 billion.

Published: Jan. 9, 2013 at 12:05 a.m. PST
0 comments

Satellite TV provider Dish Network is offering to buy Bellevue-based wireless network operator Clearwire — which agreed to sell itself to Sprint in December — for $5.15 billion.

Clearwire Corp. said it will discuss the unsolicited offer with Dish. However, Sprint, which owns 51 percent of Clearwire, said it would have to sign off on Dish’s offer and that it does not intend to do so.

Sprint Nextel Corp. has offered to buy the remaining 49 percent of the company for $2.2 billion. Sprint is the third-largest U.S. cellphone company and it depends on Clearwire to provide high-speed Sprint 4G data services on some of its phones. Some of Clearwire’s shareholders oppose the sale, saying Clearwire could get a better price.

JOIN THE DISCUSSION | Register here

We welcome comments. Please keep them civil, short and to the point. ALL CAPS, spam, obscene, profane, abusive and off topic comments will be deleted. Repeat offenders will be blocked. Thanks for taking part — and abiding by these simple rules. A thorough explanation of rules of conduct can be found in our Terms of Service. If you have any questions, including why your comment may not be showing immediately after you submit it, be sure to visit the commenting FAQ.

CONTESTS

Similar stories

  • Sprint boosts buyout offer for Clearwire

    Sprint Nextel Corp. is offering 14 percent more than before for the stake in wireless data network operator Clearwire Corp. it does not already own, but a large shareholder said the offer was still inadequate.

  • Sprint offers $2.1 billion to buy out Clearwire

    NEW YORK — Sprint Nextel has offered to buy out the minority shareholders of Clearwire for $2.1 billion in a deal that would give it total control of the company and also more space on the airwaves for data services.

  • Sprint raises offer for Clearwire to $2.2 billion

    Sprint, the country’s third-largest cellphone company, said Monday that it will buy out the portion of wireless network operator Clearwire that it doesn’t already own after raising its offer price to $2.2 billion.

  • Clearwire board approves higher Sprint offer

    Clearwire wants to accept a richer buyout offer made by Sprint this week and is recommending that shareholders vote in favor of it.

  • Shares of Clearwire exceed Sprint’s proposed offer

    Stock market investors drove shares of Clearwire Corp. higher Wednesday, exceeding the price Sprint Nextel Corp. has proposed paying in its $2.2 billion buyout offer for its wireless network partner.