Deals
Dish Boosts Clearwire Offer to Top Sprint Nextel Bid
This article is for subscribers only.
Dish Network Corp., the satellite-TV provider controlled by billionaire Charlie Ergen, topped Sprint Nextel Corp.’s bid for Clearwire Corp. in a move that may support its separate offer to purchase Sprint itself.
Dish offered $4.40 a share for Clearwire, or 29 percent more than Sprint’s earlier bid, the satellite company said yesterday in a statement. The deal would value all of the shares in Bellevue, Washington-based Clearwire, including the just over 50 percent stake held by Sprint, at about $6.5 billion.