Sprint boosts offer for Clearwire to $3.40 per share, delays shareholder vote to May 30

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Sprint is boosting its bid for Bellevue mobile broadband company Clearwire to $3.40 per share, an increase of about 50 percent over the previous offer. As a result of the increased bid, Clearwire has pushed its shareholder voter, originally scheduled for today, to May 30. The new offer comes as Dish Network, which also bid… Read More…

Facing serious ‘funding gap,’ Clearwire urges shareholders to vote for Sprint deal on May 21

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Bellevue-based Clearwire is running out of options, and its best opportunity to receive any value for the company is Sprint’s $2.2 billion offer. That’s the word from the Clearwire board, which for the second time this month has sent a letter to shareholders urging them to approve the deal with Sprint. The letter, signed by… Read More…

Memo: Clearwire board urges shareholders to accept Sprint deal

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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…

Sprint gets waiver from Softbank to weigh Dish’s $25.5B bid

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Two weeks after Dish Network jumped into the bidding for Sprint with a $25.5 billion offer, the wireless carrier has formed a special committee and received a waiver from SoftBank to consider the deal. (You may recall that SoftBank bid $20.1 billion for Sprint earlier this year). “The waiver will permit Sprint and its representatives,… Read More…

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

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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

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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…

Study shows Sprint severely undervaluing Clearwire spectrum

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A study that one Clearwire shareholder commissioned shows that the company’s spectrum is worth two to three times more than what Sprint is currently offering in its bid to acquire Bellevue-based Clearwire. The study, done by Information Age Economics, shows that Sprint’s current offer of $2.97 per share undervalues its longtime partner Clearwire. It was commissioned by Crest… Read More…

Clearwire subscriber count falls 8% as losses continue to mount

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It’s safe to say that Clearwire, the Bellevue-based mobile broadband company, is going through a transformative period as two rival bids (one from Sprint and other from Dish Network) remain outstanding. As that drama continues to unfold, Clearwire today posted fourth quarter and year-end results. In an earnings call today, CEO Erik Prusch briefly addressed… Read More…

Clearwire continues to ponder Dish offer: Sprint dubs rival bid ‘illusory’

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Clearwire said today that it will continue to entertain a buyout offer from Dish Network even though Sprint Nextel dubbed the rival bid from the satellite TV operator “illusory” and contingent on many things which are not actionable. Clearwire also indicated that its special committee in charge of analyzing acquisition offers had not changed its… Read More…

Clearwire’s stock surges on Dish Network offer: CEO Prusch tells staffers ‘it is business as usual’

Erik Prusch

It is turbulent times at Clearwire, the Bellevue wireless broadband company that’s now become a critical pawn (largely due to its spectrum holdings) in the wireless industry. But CEO Erik Prusch is doing his best to keep staffers focused, even with the media reports circling. In a memo to staff titled “Transaction Update,” Prusch reassures… Read More…