[telecom] Out of nowhere, Dish makes offer to fully acquire Clearwire

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Out of nowhere, Dish makes offer to fully acquire Clearwire Sprint made a bid to buy Clearwire last month, dubs competition "illusory."

by Cyrus Farivar Jan 8 2013 Ars Technica

When we left off last month, Sprint and Clearwire had come to an agreement-where the former would acquire the remaining half of the latter that it doesn't already own to the tune of $2.2 billion, or $2.97 per share. As we reported then, that deal would fully consummate the relationship between the two telcos who have been partners for years.

Now though, Dish has made an unsolicited offer to acquire the struggling Clearwire-and its delicious spectrum that would likely be repurposed for LTE use-at $3.30 per share. That's considerably more than Sprint's offer and above the price at which Clearwire stock is currently trading: its closing price today was $2.92 per share, but after hours trading has sent the stock's price soaring to $3.15 per share as of this writing. Given that there are 1.46 billion shares of Clearwire, that would put the company's total value at approximately $4.8 billion.

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