Dish makes bid for clearwire

[wallyhts]

http://online.wsj.com/article/SB10001424127887323482504578230124258195796.html?mod=djemalertTECH


Dish Makes Offer for Clearwire
Clearwire received an unsolicited bid from Dish Network to buy the wireless broadband operator company for $5.15 billion, besting Sprint Nextel’s buyout offer and setting up a potential takeover battle.

Dish’s offer values Clearwire at $3.30 a share, topping Sprint’s bid by around 11% and offering a 13% premium to Clearwire’s closing price Tuesday.

 

[4d3fect]

paywalled? :/

And didn't Sprint buy most of their spectrum lately?

 

[4d3fect]

Oh, ok,

http://thenextweb.com/2013/01/08/af..._j0a8N&utm_source=Twitter&utm_medium=Spreadus

 

[digitalblue]

crazy

 

[whitewolf8214]

That is nuts

 

[CK SatGuy]

Dish must really want Sprint to be their partner if both companies want Clearwire that badly.

 

[navychop]

Strange bedfellows.

 

[digiblur]

Sprint already knew this was going to be tried and blocked it basically.

-- "Sensorly or it didn't happen!"

 

[TheKrell]

Blocked it how?

 

[mike123abc]

Blocked it how?

Well Sprint owns 50% of Clearwire and has said it will not vote its shares for the dish plan: http://online.wsj.com/article/SB1000...=djemalertTECH

Dish's proposal, as conveyed by Clearwire, is multipronged and complicated. The satellite company first proposes to pay $2.2 billion for about a quarter of Clearwire's spectrum. It also says it will try to buy at least a quarter of the company's stock at $3.30 a share.

In addition, Dish is seeking changes to Clearwire's complicated governance structure, including the right to appoint some board members and to block changes of control of the company. It wants to provide financing to Clearwire that the company can use to buy back debt.

Mr. Ergen raised $1.5 billion last month to buy spectrum or do other deals, giving him firepower as he pursues Clearwire. But getting any part of his deal done will require getting past some hurdles that could prove insurmountable.

Sprint argues that its merger agreement prevents Clearwire from selling spectrum without its consent. It also argues that a sale of Clearwire would have to be approved by 75% of the company's shareholder vote. Sprint, which holds about 50% of the company, has told Clearwire it won't approve a deal.

 

[whitewolf8214]

Could we be seeing a joint venture with Sprint and Dish

 

[chiodo]

Not likely, I don't think Sprint has any interest in working with Charlie.

 

[Yespage]

Ohhhh... I smell a fresh lawsuit for the new year!

 

[Laddyboy]

Not likely, I don't think Sprint has any interest in working with Charlie.

Work with him or compete against him would seem to be their options. Which would you choose?

 

[mike123abc]

It makes me wonder if Charlie and Clearwire had a deal about worked out and Sprint jumped in the middle of it and wanted a lot more $$ for the same deal.

 

[The Fat Man]

Work with him or compete against him would seem to be their options. Which would you choose?

Or play cooperate cat and mouse to keep true capitalism from happening.

 

[whitewolf8214]

Ohhhh... I smell a fresh lawsuit for the new year!

It makes me wonder if Charlie and Clearwire had a deal about worked out and Sprint jumped in the middle of it and wanted a lot more $$ for the same deal.

Yes wouldn't surprise me if Dish would have a nother lawsuit coming since they are known for lawsuits mike123abc that may have what happened and you may be on to something

 

[TheKrell]

New jockeying for Clearwire: http://news.cnet.com/8301-1035_3-57...-fcc-pause-the-sprint-softbank-merger-review/

 

[Slamminc11]

New jockeying for Clearwire: http://news.cnet.com/8301-1035_3-57...-fcc-pause-the-sprint-softbank-merger-review/

I'm surprised CBS allowed cnet to post the article...maybe they haven't noticed yet.

 

[dfergie]

New jockeying for Clearwire: http://news.cnet.com/8301-1035_3-57...-fcc-pause-the-sprint-softbank-merger-review/

I wonder if Les and the suits approved that article?