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Monday, Apr 22
Sprint (S) confirms reports its board has formed a special committee to review Dish's (DISH...
Sprint (S) confirms reports its board has formed a special committee to review Dish's (DISH +2.6%) merger offer. The news seems to be giving a lift to Dish and Clearwire (CLWR +1.5%). Separately, Dish CEO Charlie Ergen tells the FT he views personalized/location-based mobile ads as a key part of his plan to remake Sprint. Meanwhile, an FT profile of Ergen notes his track record of stepping on the toes of incumbents. It also mentions how Ergen's love of poker "taught him to bluff, using other people’s emotions to his advantage" - some see the Sprint bid as a bluff aimed at reaching a partnership. (PR) (more on Dish/Sprint)