Saturday, February 13, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple: Dr. Dre Starring In New TV Series; New iPhone, iPad Coming in March
Foxconn Seeks For Partner To Boost Bid For Sharp
Micron Outlines Tts First 3D NAND Products
AT&T To Start 5G Trials This Year
Uber Agrees to Settle Safety Lawsuits
Google To Expand Right-to-Be-Forgotten Removals Following Pressure From Europe
Apple And At&T Sued For Infringement of Touch Feedback Patents
LG Will Not Unveil LG Pay at MWC
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
 Home > News > General Computing > DISH Bi...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, January 09, 2013
DISH Bids For Clearwire


US satellite broadcast carrier DISH Network announced Tuesday that it had made a bid for Clearwire, topping Sprint Nextel's offer for the wireless broadband firm's shares by 11 percent.

DISH said it had approached Clearwire with respect to a potential strategic transaction, including an offer to purchase all of the Clearwire common shares at $3.30.

"We look forward to working with Clearwire's Special Committee as it evaluates our proposal," said Tom Cullen, DISH executive vice president of Corporate Development.

Sprint Nextel on Dcember had previously proposed the purchase of Clearwire's shares for $2.97. Clearwire announced on December 17 that it had accepted Sprint's offer. Now the company says that the "Special Committee of the Clearwire Board of Directors" has determined that its fiduciary duties require it to engage with DISH to discuss, negotiate and/or provide information in connection with the DISH Proposal. Clearwire added that The Special Committee had not made any determination to change its recommendation of the current Sprint transaction.

Clearwire has provided Sprint with notice, and the material terms, of the DISH Proposal, and received a response from Sprint.

Sprint says, among other things, that Sprint has reviewed the DISH Proposal and 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." Sprint has stated that the Sprint Agreement would prohibit Clearwire from entering into agreements for much of the DISH Proposal.


Previous
Next
Google Drops Patent Claims Against Microsoft        All News        EA SPORTS X Monster Collaboration
Firefox 18 Features IonMonkey Javascript Compiler     General Computing News      Windows 8 Sales Hit 60 Million

Get RSS feed Easy Print E-Mail this Message

Related News
Sprint Offers 50 Percent Off If You Switch From Verizon, AT&T and T-Mobile Rate Plans
Sprint Offers New iPhones With $1 Plan Trade-in Plan
Sprint Is Offering Cheap Plan For New iPhones
Sprint Has A New, All-included Rate Plan For You
Sprint Loses $30m Patent Battle
Dish To Merge With T-Mobile: report
RadioShack Reaches Asset Purchase Agreement with Sprint To Acquire Its Stores
Sprint To Take Over RadioShack Stores: report
Dish Launches Sling TV Pay TV Offering At CES
Sprint Takes On AT&T, Verizon With Half-Price Promotion
AT&T, Sprint Start Offering the Nexus 6
Sprint To Cut More Jobs

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .