Posts tagged as: Clearwire

Sprint Completes Acquisition of Clearwire

Sprint today announced that it has finalized its acquisition of the portion of Clearwire that it did not already own. The acquisition comes after a six-month battle with rival Dish Networks and Clearwire investors over control for the failed WiMax venture. Sprint how has control over the company’s assets, which include large 2.5GHz spectrum holdings. […]

FCC Will Approve Sprint Acquisition by Softbank and Clearwire Deal

The Federal Communications Commission will allow for the acquisition of Sprint by Softbank, according to a report. Members of the Commission have apparently voted on the purchase with two out of three commissioners voting for the deal, and all but effectively completes the $21.6 billion deal between the two carriers. Sources of Bloomberg state that […]

SoftBank States the Sprint Deal Should Close In July

SoftBank CEO Masayoshi Son expressed confidence today that the company’s proposed equity acquisition of Sprint will be finalized next month. The company recently upped its bid for Sprint, and competitor Dish did not repsond with a new offer of its own. Sprint’s shareholders are set to vote on the proposal June 25. The deal has […]

Sprint Raises Clearwire Offer to $5 Per Share

Sprint has raised its bid for Clearwire from $3.40 per share to $5.00 per share, besting Dish Network’s offer of $4.40 per share by 14%. Following the raised offer, Clearwire’s board of directors has accepted the new bid and recommends that Clearwire’s shareholders vote in favor of Sprint’s proposal and not Dish’s. In addition to […]

Dish Has Dropped Its Proposed Acquisition of Sprint

Dish Networks has given an update on its bid to acquire Sprint. According to Dish, Sprint’s recent legal actions have caused Dish to reevaluate its plans moving forward. It will drop its proposed acquisition of Sprint and will instead concentrate on acquiring Clearwire. “While Dish continues to see strategic value in a merger with Sprint, […]

Sprint Sues to Stop Dish’s Tender Offer for Clearwire

Sprint has filed a lawsuit against Dish Networks and Clearwire in Delaware that aims to prevent Clearwire from acting on Dish’s tender offer for Clearwire. Last week, the special action committee evaluating Dish’s proposal for Clearwire recommended that the board accept Dish’s offer rather than Sprint’s. Sprint contends that Dish’s offer violates both Delaware law, […]

Clearwire Committee to Endorse Dish’s Offer

The special committee formed by Clearwire tasked with evaluating Dish Network’s tender offer is set to recommend that Clearwire accept Dish’s offer, reports the Wall Street Journal. The committee believes Clearwire’s full board should shun Sprint’s offer of $3.40 per share in favor of Dish’s offer of $4.40 per share, according to the sources “familiar […]

Sprint Calls Dish’s Latest Clearwire Bid Illegal

Sprint today submitted a letter to Clearwire’s board of directors in which it makes clear its intent to fight Dish Networks’ proposed acquisition of Clearwire. First, Sprint says Dish’s offer, which includes a contractual agreement to name three members to Clearwire’s board as well as veto certain Clearwire actions, violates Delaware law. Further, Dish’s proposal […]

Clearwire Delays Sprint Vote to Discuss Dish Offer

Clearwire will not hold its planned shareholder vote today, which was to decide if the company would accept Sprint’s proposed acquisition offer. The vote has already been rescheduled once. Sprint recently raised its bid for Clearwire from $2.97 per share to $3.40 pre share, an offer it called its “last and best” bid for the […]

Dish Ups Clearwire Bid to $4.40 Per Share

Dish Networks has submitted a new tender offer for Clearwire of $4.40 per share, which represents a 29% premium over Sprint’s recently upped bid of $3.40 per share. Dish made the offer just hours ahead of a Clearwire’s shareholder vote on Sprint’s bid, which is scheduled for Friday. ” The Clearwire spectrum portfolio has always […]

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