Clearwire Corp said on Wednesday that it would draw on $80 million in financing from Sprint Nextel Corp, which is seeking to purchase it, potentially thwarting rival bidder Dish Network Corp.Shares of Clearwire fell nearly 2 percent even as it said that it intended to continue discussions with Dish, which offered to buy the company for $3.30 per share.Clearwire had said it could not take financing from Sprint as long as it was considering the Dish offer. Representatives from Dish and Sprint were not immediately available for comment.Sprint, which already owns a majority stake in Clearwire, had struck an agreement in December to buy out the rest of the company for $2.97 per share. But many Clearwire shareholders said they were unhappy with the offer from Sprint, which needs approval from the majority of Clearwire's minority investors to go ahead with its deal.
DISH Network Corporation is a pay-television (TV) provider, with approximately 13. Shares of DISH fell by 0.61% or $-0.215/share to $34.92. In the past year, the shares have traded as low as $26.12 and as high as $38.14. On average, 3088460 shares of DISH exchange hands on a given day and today's volume is recorded at 209782.
Sprint Nextel Corporation (Sprint) is a holding company, with its operations primarily conducted by its subsidiaries. Shares of S traded higher by 0.26% or $0.015/share to $5.80. In the past year, the shares have traded as low as $2.30 and as high as $6.04. On average, 38032600 shares of S exchange hands on a given day and today's volume is recorded at 1393490.
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