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Clearwire (CLWR) has received an unsolicited $3.30/share buyout offer from Dish Network (DISH)....

  • Tuesday, January 8, 5:29 PM ET
    Clearwire (CLWR) has received an unsolicited $3.30/share buyout offer from Dish Network (DISH). That easily trumps Sprint's (S) $2.97/share offer. The proposal requires Clearwire sell Dish 24% of its spectrum for $2.2B and use the proceeds to pay down debt, as well as (with extra financing) agree to build a 4G network for Dish. Sprint has responded to the proposal by calling it "not viable ... in light of Clearwire's current legal and contractual obligations." Clearwire's board will "engage with Dish;" shares are halted. Sprint -2.5% AH. Dish -2%.
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This news story has 7 comments:

  •  
    I see a partnership between Sprint (with Clearwire) and Dish coming out of this and not a Dish acquisition. The AH drop in Dish is some measure of the viability of this offer.
    8 Jan, 05:49 PM Reply Like
  •  
    Here's my post on Twitter earlier today....how's this for insight! Move over Cramer!

    $CLWR So, they are putting in an Advanced LTE, this means fast enough for selling wholesale bandwidth to cable companies like Dish..get it!

    Reply - Delete - Favorite
    2:11 PM - 8 Jan 13 ยท Embed this Tweet
    8 Jan, 05:55 PM Reply Like
  •  
    That's why your Headcoach, coach. So looking in the crystal ball. How does this shake out? I mean Sprint is a major shareholder. Maybe they will use it to get more out of Sprint/Softbank?
    8 Jan, 08:15 PM Reply Like
  •  
    It looks like there is going to be a scandal regarding S' attempt to steal CLWR.
    8 Jan, 07:19 PM Reply Like
  •  
    Wonder if the FCC/DoJ gets involved. +1 carrier is a pretty easy sell for them.
    8 Jan, 10:49 PM Reply Like
  •  
    Black Snake
    Just BECAUSE Sprint owns the majority of CLWR.
    That does NOT give them the right to STEAL the rest.
    All this talk is making people realize how Valuable CLWR IS.
    2.97 a share was a JOKE to begin with.
    9 Jan, 12:44 AM Reply Like
  •  
    Yes! I see all the major players lined up, bidding against each other in anticipation to win the prize, "Clearwire". O wait "where are they" or are they realistic to know Clearwire is mismanaged, and has no money (broke), is deeply in debt and Sprint owns 52%of it. Also it is going to take a lot of money to make it a viable and working company. Also note Sprints offer was above market price. Also where are all (any) authors on Seeking Alpha writing articles on buying Clearwire as a value stock or as a stock that is going to rise in the future. Also where was the price rise when Sprint bought the stock to give it 52% of Clearwire. I'm afraid you are the delusional voice of one who knows more than the market.

    My personal bet is with "freddo44", that this is a ploy from Dish to get a deal allowing them to piggy back on Sprint to get access to part of the spectrum. That is a win, win situation for Sprint. Dish will lease from Sprint, as soon as Sprint has built the Clearwire's infrastructure, saving them money, and will give Sprint an immediate source of income.

    Also you haven't answered the big question. Where will Dish get all the money to build up Clearwire, and where will Dish get the customers to pay for the build up?
    9 Jan, 09:09 AM Reply Like
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