Surprise news this afternoon as Clearwire announced it's received an acquisition offer from Dish Network, even though Sprint was already on the hook to snap up the company for $2.2 billion. According to the press release (included after the break), a special committee of the Clearwire Board of Director's has decided to negotiate with dish based on its proposal, although it has not changed its recommendation of the current Sprint transaction.
Predictably, Sprint is not taking the news well, producing a series of bullet points (also in the release) about why Clearwire can't and / or shouldn't sell to Dish. Dish's statement is short and to the point, only saying it looks forward to working with the special committee as they evaluate its proposal. Of course, since Dish is offering $3.30 per share and Sprint is offering $2.97 one can see why the board is mulling it over, but all we know for now is that the "definitive agreement" with Sprint... wasn't.
Filed under: Wireless, HD, Mobile, Sprint
Source: Clearwire, Dish Network, Sprint
Source: http://www.engadget.com/2013/01/08/dish-network-clearwire-sprint-acquisition-offer/
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