Breaking News

ADATA Launches T7 and T5 Enterprise SSD Series ASUSTOR Embraces the AI Boom at COMPUTEX 2025 Sony announces DualSense wireless controller for Death Stranding 2 ASUS Celebrates DOOM The Dark Ages Collaboration with Global Bundle LG Display to Showcase World's Best Solutions for Future Mobility at SID Display Week 2025

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

DISH Bids  For Clearwire

DISH Bids For Clearwire

Enterprise & IT Jan 9,2013 0

US satellite broadcast carrier DISH Network announced Tuesday that it had made a bid for Clearwire, topping Sprint Nextel's offer for the wireless broadband firm's shares by 11 percent. DISH said it had approached Clearwire with respect to a potential strategic transaction, including an offer to purchase all of the Clearwire common shares at $3.30.

"We look forward to working with Clearwire's Special Committee as it evaluates our proposal," said Tom Cullen, DISH executive vice president of Corporate Development.

Sprint Nextel on Dcember had previously proposed the purchase of Clearwire's shares for $2.97. Clearwire announced on December 17 that it had accepted Sprint's offer. Now the company says that the "Special Committee of the Clearwire Board of Directors" has determined that its fiduciary duties require it to engage with DISH to discuss, negotiate and/or provide information in connection with the DISH Proposal. Clearwire added that The Special Committee had not made any determination to change its recommendation of the current Sprint transaction.

Clearwire has provided Sprint with notice, and the material terms, of the DISH Proposal, and received a response from Sprint.

Sprint says, among other things, that Sprint has reviewed the DISH Proposal and believes that it is "illusory, inferior to the Sprint transaction and not viable because it cannot be implemented in light of Clearwire's current legal and contractual obligations." Sprint has stated that the Sprint Agreement would prohibit Clearwire from entering into agreements for much of the DISH Proposal.

Tags: SprintClearwireDish
Previous Post
Google Drops Patent Claims Against Microsoft
Next Post
EA SPORTS X Monster Collaboration

Related Posts

  • T-Mobile Completes Merger with Sprint

  • T-Mobile Says it is Financially Prepared to Close the Sprint Merger

  • FCC Proposes Over $200 Million fines Against Wireless Carriers For Failing to Protect Consumer Location Data

  • T-Mobile and Sprint Announce Amend Their Business Combination Agreement

  • U.S. Federal Judge Allows Merger Between T-Mobile and Sprint

  • T-Mobile and Sprint to Protect Customers from Scam Calls

  • Sprint Will Repair Your Cracked Samsung Galaxy Screen for $49

  • Sprint Releases Free Service to Help Customers Stop Robocalls, Telemarketers and Spam

Latest News

ADATA Launches T7 and T5 Enterprise SSD Series
Enterprise & IT

ADATA Launches T7 and T5 Enterprise SSD Series

ASUSTOR Embraces the AI Boom at COMPUTEX 2025
Enterprise & IT

ASUSTOR Embraces the AI Boom at COMPUTEX 2025

Sony announces DualSense wireless controller for Death Stranding 2
Gaming

Sony announces DualSense wireless controller for Death Stranding 2

ASUS Celebrates DOOM The Dark Ages Collaboration with Global Bundle
Gaming

ASUS Celebrates DOOM The Dark Ages Collaboration with Global Bundle

LG Display to Showcase World's Best Solutions for Future Mobility at SID Display Week 2025
Enterprise & IT

LG Display to Showcase World's Best Solutions for Future Mobility at SID Display Week 2025

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Rock 5

be quiet! Dark Rock 5

G.skill Trident Z5 Neo RGB DDR5-6000 64GB CL30

G.skill Trident Z5 Neo RGB DDR5-6000 64GB CL30

Arctic Liquid Freezer III 420 - 360

Arctic Liquid Freezer III 420 - 360

Crucial Pro OC 32GB DDR5-6000 CL36 White

Crucial Pro OC 32GB DDR5-6000 CL36 White

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Crucial T705 2TB NVME White

Crucial T705 2TB NVME White

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed