Sprint may end up victorious in the bidding war for Clearwire, as Dish Network today withdrew its offer to purchase the Bellevue mobile broadband company.
This comes after Sprint jacked up its bid to $5 per share for Clearwire, a move that topped Dish’s most recent offer of $4.40 per share. Sprint’s current offer has also gained the support of the Clearwire board, which previously was leaning toward Dish’s bid.
Clearwire’s shareholder meeting to approve the deal is scheduled for July 8 in Bellevue.
Sprint, meanwhile, is also on the verge of being acquired by Japan-based wireless carrier SoftBank Corp.