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Dish ups bid for Clearwire two days before shareholder meeting

Published May 30th, 2013 10:00PM EDT
Dish Clearwire Acquisition Offer Increased

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Dish on Wednesday increased its bid to acquire wireless broadband wholesaler Clearwire. The company is now offering $4.40 per share, a 29% premium over Sprint’s proposal, which values the firm at $6.47 billion. Sprint recently raised its offer to $3.40 per share after shareholders had criticized its original proposal of $2.97 per share. Dish, whose offer comes two days before Clearwire shareholders are scheduled to vote on Sprint’s proposal, is also locked in a battle with Japanese company SoftBank to acquire Sprint.

Dan joins the BGR team as the Android Editor, covering all things relating to Google’s premiere operating system. His work has appeared on Fox News, Fox Business and Yahoo News, among other publications. When he isn’t testing the latest devices or apps, he can be found enjoying the sights and sounds of New York City.