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Dish Network Corp Abandons Sprint Nextel Corp Bid To Focus On Clearwire Corp-Reuters


Tuesday, 18 Jun 2013 09:30am EDT 

Reuters reported that Dish Network Corp would not make a new offer to buy No. 3 U.S. wireless provider Sprint Nextel Corp in time for a Tuesday deadline and would instead focus on its tender offer for Clearwire Corp. Dish said it would consider its options with respect to Sprint without providing further details. While missing the deadline would make it more complicated for Dish to make a new offer, in theory Sprint would have to consider any new offers it gets ahead of a June 25 shareholder vote on the SoftBank deal. 

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