Dish ups bid for Clearwire two days before shareholder meeting

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.



via Tech News Headlines - Yahoo! News http://news.yahoo.com/dish-ups-bid-clearwire-two-days-shareholder-meeting-020038825.html