Sprint Sues Dish Seeking to Block Clearwire Acquisition

Sprint Nextel Corp. sued Dish Network Corp. to block a buyout of Clearwire Corp., a maneuver intended to promote its sale to Japan’s SoftBank Corp. and repel a higher bid from Dish.

The suit is the latest salvo in a battle of billionaires pitting Charlie Ergen at Dish against Masayoshi Son of SoftBank, Japan’s third biggest mobile phone company. Sprint agreed last week to sell itself to SoftBank for $21.6 billion, spurning a $25.5 billion bid by Dish that Sprint has called not “actionable.”