Breaking News

Casio Releases EDIFICE Featuring Forged Carbon Celebrating the first 30 Years of PlayStation HighPoint introduces Industry’s First Hardware Architecture for GPU-Direct NVMe Storage Panasonic Introduces the First Ultra-Telephoto Zoom Lens in the LUMIX S Series CORSAIR announces Vanguard Pro 96 and Vanguard 96 Gaming Keyboards

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

Casio Releases EDIFICE Featuring Forged Carbon
Consumer Electronics

Casio Releases EDIFICE Featuring Forged Carbon

Celebrating the first 30 Years of PlayStation
Gaming

Celebrating the first 30 Years of PlayStation

HighPoint introduces Industry’s First Hardware Architecture for GPU-Direct NVMe Storage
Enterprise & IT

HighPoint introduces Industry’s First Hardware Architecture for GPU-Direct NVMe Storage

Panasonic Introduces the First Ultra-Telephoto Zoom Lens in the LUMIX S Series
Cameras

Panasonic Introduces the First Ultra-Telephoto Zoom Lens in the LUMIX S Series

CORSAIR announces Vanguard Pro 96 and Vanguard 96 Gaming Keyboards
PC components

CORSAIR announces Vanguard Pro 96 and Vanguard 96 Gaming Keyboards

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Terramaster F8-SSD

Terramaster F8-SSD

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

be quiet! Pure Base 501

be quiet! Pure Base 501

Soundpeats Pop Clip

Soundpeats Pop Clip

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

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