Dish Tops Sprint Offer, Valuing Clearwire At $6.4B

Law360, New York (May 29, 2013, 10:57 PM EDT) -- Dish Network Corp. on Wednesday raised its bid for Clearwire Corp. to $4.40 per share, higher than the $3.40-per-share offer by Sprint Nextel Corp., with the new offer valuing the ailing broadband operator at roughly $6.4 billion.

Dish’s tender offer comes just two days ahead of Clearwire’s scheduled Friday shareholder vote on the offer by Sprint, which already owns a 51 percent stake in the struggling broadband company. Sprint needs more than half of the independent shareholders’ vote in order to be successful in its own...
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