Dish Network put in a bid for Clearwire Corp on Tuesday which could trump Sprint Nextel's $2.2 billion offer and set the stage for a takeover battle over a wireless service provider that owns crucial mobile spectrum.Dish's $2.28 billion offer appeared to affirm the satellite television provider's ambitious plan to purchase its way into the wireless services industry, on which it has already spent $3 billion acquiring much-needed capacity.The success of the move hinges on a number of conditions, not least of which is approval by wireless carrier Sprint, which owns just over 50 percent of Clearwire and is also keen to buy Clearwire shares. It has offered to buy those it does not currently own for $2.97 a share.Clearwire made it clear that the proposal of $3.30 per share was only a preliminary indication of interest and subject to a number of uncertainties and conditions. Based on Clearwire's outstanding class A shares the offer would amount to $2.28 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, 3335210 shares of DISH exchange hands on a given day and today's volume is recorded at 3043918.
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