Dish Networks bid for Clearwire tops Sprint's offer
0. phoneArena 08 Jan 2013, 18:47 posted on
Charles Ergen and his Dish Network are trying to bust up the proposed Sprint offer to buy Clearwire with an offer of its own; the termsof theoffer fromDish call for the satellite content provider to pay $3.30 which is a nice premium over the $2.97 that Sprint is offering for the half of the wireless firms shares that Sprint doesn't already own...
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1. Birds (Posts: 1058; Member since: 21 Nov 2011)
Clearwire is a ride or die chick....It wants Sprint so bad....
2. ajac09 (Posts: 1367; Member since: 30 Sep 2009)
does clear really want to be with a losing company that bad? Id have taken Dish instead.
8. Slammer (Posts: 1133; Member since: 03 Jun 2010)
What experience does Dish have in cell service? Historically, Any cable company trying to make a game at wireless phone service, has not made inroads to compete effectively. Clearwire needs to look long term to protect assets. Sprint is viable.
14. ajac09 (Posts: 1367; Member since: 30 Sep 2009)
Hell what experience does sprint have? They are in the business but they suck at it. Dish is an up and coming cellular company and are offering more money and probably will be around alot longer then sprint.
4. zig8100 (Posts: 146; Member since: 13 Dec 2012)
Im pretty sure Sprint already bought them out already. That's why.
3. corporateJP (Posts: 2073; Member since: 28 Nov 2009)
These guys really want Sprint to take full ownership, good, bad, or indifferent.
5. cripton805 (Posts: 1031; Member since: 18 Mar 2012)
Well Clear is worth more now that they accepted Sprints offer. A lot of investors pulled in and a lot would pull out if crappy Dish bought them.
7. NexusKoolaid (Posts: 324; Member since: 24 Oct 2011)
Re-read the press release. The "illusory, not viable and inferior" comment is from Sprint, not Clearwire.
12. cripton805 (Posts: 1031; Member since: 18 Mar 2012)
I don't see what that has to do with my comment.
6. NexusKoolaid (Posts: 324; Member since: 24 Oct 2011)
Alan - double check the press release. I didn't see where Clearwire rejected or responded to the offer by saying it is illusory, .... What I read was that Clearwire recieved a letter from Sprint in which Sprint said it "believes that it is illusory, inferior to the Sprint transaction and not viable because it cannot be implemented in light of Clearwire's current legal and contractual obligations."
10. Alan01 (Posts: 228; Member since: 21 Mar 2012)
The quote is from Sprint, thanks for pointing that out. Still, based on the Special Committee's comments and the ties that Sprint has to the company, plus the conditions placed on the deal by Dish, Clearwire probably is saying that as well
9. MorePhonesThanNeeded (Posts: 645; Member since: 23 Oct 2011)
Sprint is just trying to posture eh, they have more than enough money woes without trying to buy a company they can barely afford, they still have that $15B iPhone 5 tab to pay Apple...Sprint, I wonder how long these guys can operate like this? They keep this up and T-Mobile may just outfox them, T-Mo is looking to turn on their LTE in coming weeks, what on earth is Sprint doing...playing 100,000 Pyramid with Clearwire, aren't these guys the owners of Z100 and that lot of radio stations?
13. cripton805 (Posts: 1031; Member since: 18 Mar 2012)
Well Sprint already turned on their lte in July.
15. usguyver (Posts: 5; Member since: 08 Nov 2009)
you do know what the Softbank deal will go though and they are giving sprint like 20 billion bucks to help them and then they are given them even more latter so once this deal goes though then sprint will have plenty of money to go around and they will be able to pay off the money that they owe. so they will be fine and better off then t-mobile
11. techloverNYC (Posts: 445; Member since: 20 Nov 2012)
Did u guys know Dish Network is the meanest company to work for?
P.S: The guy in the pic looks mean