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Big funds are rejecting Sprint's bid for Clearwire

0. phoneArena posted on 18 Jan 2013, 08:55

Following Dish Network's indication of interest in Clearwire, which included a conditional $3.30 per share offer for the company. a number of Clearwire investors are deciding to side with the satellite content provider instead of Sprint; the carrier's $2.97 a share bid is for the stock that Sprint does not own in the woreless network provider...

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posted on 18 Jan 2013, 08:58

1. papss (unregistered)

Ha I knew this was likely to happen. If sprint doesn't reach for this they will lose this bid.

posted on 18 Jan 2013, 10:39

2. werzzmy40 (Posts: 6; Member since: 07 Aug 2012)

Can't wait to see what happens lol it's like a tv series

posted on 18 Jan 2013, 11:19 1

3. cripton805 (Posts: 1484; Member since: 18 Mar 2012)

Something is just not right about this whole story about Clearwire. If the investors wanted their stock to go up a lot quicker, it would be a no brainer to merge with Sprint instead of Dish.

The value of Clearwires stock went up $1 when Sprint made that offer and Clear accepted it.

Then out of the shadows when nobody showed interest in the company, Dish is interested. Is Dish part of another company or whos towers are they planning on using owned by who? I think theres more behind the scenes and Dish is being pushed by another entity.

posted on 18 Jan 2013, 13:08 2

4. wgaurav (Posts: 22; Member since: 17 Dec 2010)

Sprint owns 50% of CLWR, and for any bid to be successful in this case needs 75% backing of shareholders howz DISH gonna pull that, Looks like DISH just wants to spoil the party for Sprint, 'Ergen' Style...

posted on 19 Jan 2013, 13:59

5. Twisted247 (Posts: 282; Member since: 12 Oct 2012)

these assholes better not be holding off the LTE deployment here in the NW for Sprint. It was supposed to happen at the start of last month... and everyother one on the list for 2nd list went on schedule.. even 3/4 of the 3rd list rollout is already started but the NW is at a standstill and Clearwire is based up here. I believe they provide the Wimax for Sprint in our areas. And Clearwire said they were going to upgrade their Wimax towers to LTE... SO WTF stop holding off

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