Clearwire board said to favor offer from Dish Network; stockholder vote on Sprint bid delayed
0. phoneArena 12 Jun 2013, 17:09 posted on
Dish Network might not win Sprint, but it looks like it has a very good chance of walking away with Clearwire; a special committee of the network wholesaler's board is planning on delaying a stockholder vote scheduled for Thursday and is recommending that the full board endorse the bid made by Dish Network for the company...
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1. ZeroCide (Posts: 727; Member since: 09 Jan 2013)
Stockholders are in it for the $$$$ and will screw up decisions that are in the best interest of the company all the time.
2. lsutigers (Posts: 816; Member since: 08 Mar 2009)
Yeah but Sprint still has to vote / approve the buyout and since they are a majority shareholder, and they wont. They already outlined this in their last letter to Clearwire so not sure how far this is going.
3. Kelley71 (Posts: 57; Member since: 26 Nov 2012)
Dish can't win this, just delay it and harass Sprint. 50+% of the stock means Sprint can stop anything Dish wants to do dead in its tracks, indefinitely.
4. ojdidit84 (Posts: 438; Member since: 16 Jul 2011)
Yeah stockholders, get the $$ from Dish and then watch as stock plummets when Dish completely runs the company into the ground as if it isn't already doing poorly.
5. kg4icg (Posts: 71; Member since: 18 May 2008)
Here is some thing to think about. If sprint decided to pull out of Clearwire, and takes the frequencies that are still there's which happens to be a very good chunk. Dish's purchase of Clearwire would be totally useless.
6. bweaver731 (Posts: 4; Member since: 20 Dec 2012)
The real goal of Dish is to compromise the deal between Sprint and Clearwire to push Clearwire into bankruptcy. They can't obtain the financing they need because of an already debt laden financial sheet. They want to be a mobile player and since they can't buy sprint, they are going to attemp to delay the deal with Clear long enough that Clear loses financial solvency and needs to file for bankruptcy protection were the spectrum will be auctioned off and Sprint would have to bid to buy back spectrum they could potentially lose to AT&T or Verizon.