Clearwire delays Sprint vote in wake of new DISH bid

05/31/2013 | PCWorld · Reuters · Wall Street Journal, The

Clearwire directors put off a vote until June 13 to decide whether to accept Sprint Nextel's buyout offer, after DISH Network's aggressive $4.40-a-share bid that topped Sprint's recent sweetener by $1 a share. DISH's new bid threatens to throw a monkey wrench into Sprint's attempt to complete both its purchase of Clearwire and a merger with SoftBank. Sprint shareholders are now scheduled to vote on the Japanese carrier's 70% buyout deal June 12.

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PCWorld · Reuters · Wall Street Journal, The

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