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.
Shares of Clearwire jumped more than 7 percent, a 21-cent gain to $3.13, after Dish Network Corp. offered to buy the company for $3.30 a share. The bid topped the $2.97-a-share buyout agreement Sprint and Clearwire signed last month, suggesting a higher price may be needed.
Dish operates a satellite television service but wants to get into the wireless phone world. Its shares gained 88 cents Wednesday to close at $36.85. Sprint shares fell 9 cents to close at $5.88.
Delegation calls for more Internet access in N. Korea
A private delegation including Google’s Eric Schmidt is urging North Korea to allow more open Internet access and cellphones to benefit its citizens, the mission’s leader said in the country with some of the world’s tightest controls on information.
Former New Mexico Gov. Bill Richardson also said his nine-member group called on North Korea to put a moratorium on missile launches and nuclear tests that have prompted U.N. sanctions, and the delegation asked for fair and humane treatment for an American citizen detained. He spoke in an exclusive interview in Pyongyang with The Associated Press on Wednesday.
The visit has been criticized for appearing to hijack U.S. diplomacy and boost Pyongyang’s profile.