Dish Turns Back On $25.5B Sprint Deal To Focus On Clearwire

Law360, New York (June 19, 2013, 3:49 PM EDT) -- Dish Network Corp. has walked away from its proposed $25.5 billion merger with Sprint Nextel Corp. to focus on its bid for a stake in Clearwire Corp., seemingly clearing the way for SoftBank Corp. to nab a majority stake in Sprint for $21.6 billion but setting up a showdown over who will control Clearwire.

Dish declined to meet Sprint’s Tuesday night deadline for a new offer, citing provisions in Sprint’s agreement with SoftBank. The satellite TV provider’s decision to walk away is the latest development in...
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