A PYMNTS Company

US: Sprint wages war with Clearwire, Dish after SoftBank sale

By  |  June 18, 2013

Sprint, which recently settled the sale of itself to Japan-based SoftBank, has reportedly filed lawsuits against Clearwire and Dish Network, arguing Dish’s buyout of Clearwire and subsequent stockholder approval was part of a scheme for Clearwire to receive a higher offer. Sprint had offered a buyout at $3.40 a share; Dish beat out its offer with a $4.40 per share deal. A spokesperson for Dish claims Sprint’s lawsuits are a distraction from Sprint’s failed buyout attempt. But Sprint says Dish was “fooling Clearwire’s minority shareholders into voting against” Sprint’s offer. Clearwire has not commented on the matter.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Fierce Wireless

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.