Corporate
Feb. 28, 2013
Clearwire takes $80 million from Sprint, complicates Dish bid
Clearwire Corp., currently sadwiched between a bidder's war involving Sprint Nextel Corp. and Dish Network Corp., announced Wednesday its intent to pull $80 million in financing from Sprint.
Daily Journal Staff Writer
Clearwire Corp., currently sandwiched between a bidder's war involving Sprint Nextel Corp. and Dish Network Corp., announced Wednesday its intent to pull $80 million in financing from Sprint in terms that were set up initially in Sprint's merger agreement with Clearwire to purchase the remaining stock it doesn't already own. Sprint and Dish have both offered to buy Clearwire, which is still mulling it...
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