Dish Network has formally withdrawn its offer to acquire the high-speed internet provider Clearwire. It now looks like Sprint is well on its way to close the deal at $5.00 per share.
Dish Network has formally withdrawn its offer to acquire the high-speed internet provider Clearwire. It now looks like Sprint is well on its way to close the deal at $5.00 per share.
Satellite TV provider Dish Network is looking to derail Sprint’s deal with SoftBank and acquire the carrier with a $25.5 billion bid. Dish has offered $17.3bn in cash and $8.2bn in stock for 100% of Sprint shares, and the company argues that the deal represents a 13% premium over SoftBanks “complicated” bid to acquire 70% for $20.1 billion.
It’s that time again, the time all us Android fanboys get excited over the possibility of Google becoming a wireless carrier. According to The Wall Street Journal, Google met with Dish Network to talk about partnering up to form a wireless carrier to rival the likes of AT&T and Verizon Wireless (apparently Sprint and T-Mobile are small-potatoes).