Clearwire Corp said on Wednesday that it would draw on $80 million in financing from Sprint Nextel Corp, which is seeking to purchase it, but vowed to continue talks with rival bidder Dish Network Corp.Shares of Clearwire fell 1.5 percent to $3.15 after the decision, which could end Dish Chairman Charlie Ergen's effort to buy the wireless service provider. But the stock was still above Sprint's offer price of $2.97 per share, showing that investors still held out hope for a higher valuation.Clearwire's latest decision appeared to contradict its previous assertion that it could not take financing from Sprint as long as it was considering a $3.30-per-share offer that came from Dish due to conditions set by the satellite TV provider.Clearwire's decision appeared to put the ball back in Dish's court. Representatives from Dish and Sprint were not immediately available for comment.
DISH Network Corporation is a pay-television (TV) provider, with approximately 13. Shares of DISH fell by 0.28% or $-0.1/share to $35.04. 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 555683.
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 2832495.
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