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Englewood, Colo. — Dish Network said it was unable to make a binding revised offer to purchase Sprint by yesterday’s Sprint-imposed deadline, paving the way for a June 25 vote by Sprint shareholders on a competing takeover bid by Japan carrier SoftBank.
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Overland Park, Kan. — Sprint filed a lawsuit in a Delaware court to block Dish Network’s bid for Clearwire and effectively called Dish dishonest.
The suit against Dish and Clearwire follows a decision last week by Clearwire’s board to recommend that Clearwire shareholders vote down Sprint’s plan to acquire Clearwire and opt instead for Dish’s competing bid.
Sprint, which owns slightly more than 50 percent of Clearwire, wants to acquire the remainder of the Clearwire stock that it doesn’t already own.
Bellevue, Wash. — Sprint’s plan to buy the Clearwire shares that it doesn’t own has been thrown into disarray.
The board of wireless-carrier Clearwire reversed course last night and recommended that shareholders vote down Sprint’s acquisition plan and opt instead for a competing bid from Dish Networks. The board postponed today’s shareholder vote on the Sprint proposal and selected June 24 for a new vote.
Englewood, Colo. — Dish Network doesn’t seem to be giving up on its desire to purchase struggling carrier Sprint despite a sweetened offer for Sprint by Japan carrier SoftBank.
According to a SoftBank statement, its new offer is $21.6 billion — $1.5 billion higher than the original Oct. 15, 2012, offer — with $16.6 billion to be paid to Sprint shareholders and $5 billion for new capital to be used to strengthen Sprint’s balance sheet.
Bellevue, Wash. — Clearwire’s board of directors postponed today’s planned shareholder vote on Sprint’s acquisition bid in order to consider a sweetened last-minute bid made by Dish, which is seeking Clearwire’s spectrum to help it build its own cellular network.
The shareholder vote has been postponed until June 13 to give the board time to review Dish’s bid. Dish is seeking
Englewood, Colo. — Dish on Wednesday night raised its bid to buy Clearwire spectrum in a last-minute attempt to derail a Friday vote by Clearwire shareholders on whether to accept a purchase bid by Sprint.
Sprint owns a little more than 50 percent of Clearwire, from which it wholesales 2.5GHz spectrum, and wants to buy the remainder of the shares that it doesn’t already own.
Englewood, Colo. – Dish unveiled Wednesday what it is calling the industry’s first set-top app that delivers on-screen social content relevant to a show or channel a viewer is watching.
The app, called “Social,” is the next in a series of new apps for the Hopper Whole-Home HD DVR, and allows consumers to join social conversations about their favorite shows on their TV screen.
Washington – The Consumer Electronics Association called for Congress to safeguard Americans’ ability to choose the video services and technologies they desire, as the Senate Communications Subcommittee held an information gathering hearing on the state of video, Tuesday.
Overland Park, Kan. — Sprint Nextel announced this morning that its board has formed a special committee of independent directors to review and evaluate the proposal received from Dish Network with its financial and legal advisors.
Dish proposed a $25.5 billion merger with Sprint Nextel on April 15, exceeding the bid by Japan’s SoftBank to buy the cellular carrier.
Los Angeles — Dish Network Friday slapped back at Fox Network’s bid for an injunction against the satellite-TV company’s newest Hopper DVR.
The broadcaster alleges the device violates copyright laws and retransmission agreements by using Sling technology for new Dish Anywhere and Hopper Transfers features.
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