Ryder and Baker

NetMotion Wireless taps former Clearwire execs as president, CFO

Former Clearwire CEO Erik Prusch appears to be assembling the old band together at NetMotion Wireless. Six months after joining the Seattle-based mobile productivity company, Prusch has hired Jim Ryder as president and Cary Baker as CFO. Both men previously worked at Clearwire, which sold to Sprint in July 2013 after a drawn out bidding… Read More


Sprint cutting 91 staffers in Seattle area following Clearwire acquisition

Sprint continues to trim staff in the Seattle area following last year’s acquisition of Clearwire, the Bellevue broadband wireless operator started by telecommunications pioneer Craig McCaw. Sprint, the third largest wireless carrier in the U.S., notified the state via a Worker Adjustment and Retraining Notification that 91 employees at the company’s operations in Bellevue and Kirkland will… Read More


Sprint cuts staff at Clearwire: 75% of workforce to lose jobs

Sprint worked hard to acquire Bellevue-based Clearwire, increasing its bid several times in a rivalry with Dish Network. Eventually, after months of back and forth, Sprint won the bidding war in July. But now Sprint is in the process of slashing the workforce of Clearwire. In a notice filed with the State of Washington, Sprint indicated… Read More

Sprint's Dan Hesse

FCC gives go-ahead to Sprint deals with Clearwire, Softbank

The U.S. wireless industry is one step closer to being reshaped. The Federal Communications Commission today unanimously approved Sprint’s transactions with SoftBank and Clearwire, deals which could alter the landscape in the wireless communications business. For those who have not been following along, Sprint is attempting to buy the remaining half of Bellevue-based Clearwire that… Read More


Report: FCC set to greenlight Sprint’s deals with Clearwire and Softbank

After a long and drawn out bidding war, Clearwire’s fate appears to be nearly certain. The Federal Communications Commission is set to approval Sprint’s purchase of the Bellevue mobile broadband company, along with SoftBank’s $21.6 billion purchase of Sprint, according to a report by Bloomberg News citing people familiar with the matter. The deals could reshape… Read More


Sprint launches legal attack, says Dish attempted to ‘fool’ Clearwire shareholders in ‘bad faith’ bid

Well, nearly everyone saw this coming. Sprint has turned to the courts to try to stop Dish Network’s purchase of Clearwire, the Bellevue-broadband wireless company that’s highly coveted for its wireless spectrum. In a lawsuit filed today against Dish and Clearwire, Sprint argues in the 45-page document that Dish’s proposed buyout violates Delaware Corporate Law and… Read More


Clearwire board changes tune, snubs Sprint and now favors Dish’s $4.40 per share offer

The Clearwire saga continues. And the latest development came Wednesday afternoon as Clearwire’s board of directors recommended that shareholders accept Dish Network’s $4.40 per share offer instead of Sprint’s $3.40 per share bid. That may seem obvious, given the higher price tag. But for weeks, Clearwire Chairman John Stanton has been arguing against the Dish… Read More

Sprint's Dan Hesse

Sprint CEO Dan Hesse to Clearwire execs: Dish deal is not a ‘viable alternative’

Well, the rhetoric keeps rising as Sprint and Dish Network battle for Clearwire, the Bellevue-based provider of mobile broadband service. Following Dish’s upped bid last week, Sprint sent a letter Monday to Clearwire’s board which basically stresses that an acquisition by Dish violates the Equityholders’ Agreement between Clearwire and Sprint. And, if Clearwire chooses to… Read More


With increased Dish offer on table, Clearwire delays vote on Sprint bid

Bellevue-based Clearwire is delaying its vote on Sprint’s takeover offer to give the company extra time to discuss Dish Network’s new proposal. The vote, originally scheduled for Friday, has been pushed back to June 13. On Wednesday, Dish boosted its offer for Clearwire, just two days before shareholders were set to vote on Sprint’s competing proposal. The latest offer… Read More


Dish boosts offer for Clearwire to $4.40 per share as bidding war with Sprint escalates ahead of Friday vote

The bidding war continues. Dish Network has boosted its offer for Bellevue-based Clearwire, just two days before shareholders were set to vote on a competing proposal by Sprint. The latest offer of $4.40 per share represents a 29 percent premium over Sprint’s last-and-final offer of $3.40. The new bid comes as minority investors are set to… Read More


Firm urges Clearwire investors to vote no on Sprint deal; board calls decision ‘superficial’

The ongoing saga of Clearwire has taken yet another turn as the independent shareholder firm Glass Lewis & Co. has recommended that minority shareholders in the Bellevue broadband wireless company vote against the increased offer from Sprint. The move comes a day after Crest Financial, which holds eight percent of Clearwire’s stock, claimed that Clearwire… Read More


Memo: Clearwire board urges shareholders to accept Sprint deal

It’s been a long and winding road for Clearwire, the Bellevue mobile broadband company which has been weighing competing offers from Sprint and Dish Network. But after months of deliberation, the board of directors today is recommending that shareholders go forward with Sprint’s $2.2 billion offer. Some investors have argued that Sprint’s bid is too… Read More


Clearwire to take another $80 million Sprint payment as it continues talks with Dish

Clearwire has agreed to take an $80 million payment from Sprint Nextel in April, possibly pushing the Bellevue-based company closer into the hands of its majority shareholder. The decision follows an $80 million payment that Clearwire accepted last month from the carrier, which is attempting to buy out the remaining shares of Clearwire that it… Read More


Clearwire takes $80M from Sprint, continues talks with Dish

As it continues to weigh buyout offers, Clearwire has elected to take an $80 million investment from Sprint, a move that could impede the acquisition of satellite TV provider Dish Network. Both Sprint and Dish are looking to buy Clearwire, the Bellevue wireless broadband operator that’s most coveted for its spectrum holdings. Dish has said… Read More