Wireless service provider Clearwire Corp said on Wednesday 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 3 cents to $3.17 after the decision, which could end Dish Chairman Charlie Ergen's effort to buy Clearwire. But the stock was still above Sprint's offer of $2.97 per share, showing that investors still held out hope for a higher valuation.Analysts said Clearwire was likely trying to force Dish to firm up its proposal. Its decision appeared to contradict a previous assertion that it could not take financing from Sprint as long as it was considering a $3.30-per-share offer from Dish due to conditions set by the satellite TV provider.Dish declined to comment, while Sprint said it was pleased with Clearwire's decision.
DISH Network Corporation is a pay-television (TV) provider, with approximately 13. Shares of DISH fell by 0.77% or $-0.27/share to $34.87. 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 1482028.
Sprint Nextel Corporation (Sprint) is a holding company, with its operations primarily conducted by its subsidiaries. Shares of S traded higher by 1.3% or $0.075/share to $5.86. 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 14686033.
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