Clearwire And Sprint Deal With Each Other, But Not Dish

Law360, New York (February 27, 2013, 4:01 PM EST) -- Clearwire Corp. said Wednesday it had tapped $80 million in financing from Sprint Nextel Corp., a move that could complicate its ongoing negotiations with Dish Network Corp. and bring the three-sided merger dealings to a head in the coming weeks.

Clearwire will issue $80 million worth of convertible notes, which Sprint can swap for roughly 53.3 million shares, or a 3.5 percent stake in the company, should its $2.2 billion bid for Clearwire not go through. The notes represent the March installment of what was envisioned...
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