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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.

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