Deals
Dish Doesn’t Make New Takeover Bid for Sprint by Deadline
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Dish Network Corp. passed on making a new offer for Sprint Nextel Corp. by the mobile-phone carrier’s deadline last night, clearing the way for SoftBank Corp. to acquire the wireless company.
Sprint’s actions “have made it impracticable for Dish to submit a revised offer by the June 18th deadline,” Englewood, Colorado-based Dish said in a statement yesterday. “We will consider our options with respect to Sprint” while focusing on a separate offer for a stake in Clearwire Corp., Dish said.