Dish Network Corp has made an unsolicited offer to purchase Clearwire Corp for about $2.28 billion, trumping an offer by Clearwire shareholder Sprint Nextel Corp and potentially interfering with Softbank Corp's plan to take a majority stake in Sprint.Satellite television provider Dish has been working on plans to enter the wireless industry for some time and has amassed billions of dollars worth of spectrum over the past few years.The move to bid for Clearwire is not a total surprise as Dish had asked the U.S. telecom regulator last month for more time to file an objection to wireless service provider Sprint's proposed sale of a controlling stake to Japan's Softbank due to Sprint's announcement last month of a plan to buy out Clearwire.At the time the request was seen as an indication that Dish, controlled by billionaire founder Charlie Ergen, was gearing up for a fight with Sprint over its plan to sell a 70 percent stake to Softbank for $20 billion.
DISH Network Corporation is a pay-television (TV) provider, with approximately 13. Shares of DISH fell by 1.02% or $-0.37/share to $35.97. In the past year, the shares have traded as low as $26.12 and as high as $37.92. On average, 3301860 shares of DISH exchange hands on a given day and today's volume is recorded at 3038518.
Sprint Nextel Corporation (Sprint) is a holding company, with its operations primarily conducted by its subsidiaries. Shares of S traded higher by 0.17% or $0.01/share to $5.97. In the past year, the shares have traded as low as $2.10 and as high as $6.04. On average, 55646300 shares of S exchange hands on a given day and today's volume is recorded at 65261832.
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