2/5/2013

Clearwire is hedging its bets as the company weighs DISH Network's counteroffer to Sprint Nextel's buyout bid. Clearwire said that it will weigh DISH's $3.30-a-share bid even as the company recommends that shareholders accept Sprint's $2.97-a-share offer. DISH told the Federal Communications Commission that it will not oppose Softbank's acquisition of Sprint Nextel, and added that it was in "continued negotiations" to buy Clearwire. The Justice Department has stepped in, however, asking the FCC to suspend its Softbank proceedings while it reviews the deal.

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