Wednesday, 26 June 2013
DISH Network has withdrawn its offer to acquire Clearwire, just one week after dropping out of contention for Sprint as well.
The move was made in response to a change in recommendation from Clearwire’s board of directors last week. The board swung away from DISH’s $4.40 per share offer in favor of Sprint’s own $5.00 a share bid, which was up from $3.40.
Though DISH has ultimately lost out in both attempts, it did at least succeed in forcing Sprint to spend more on the Clearwire deal.
Developing. Please refresh for updates.
Image credit: iStockphoto
