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Dish's Clearwire Takeover Gets Even Less Likely
As Clearwire Takes $80 Million In Financing From Sprint
Making Dish network's already unlikely Clearwire takeover bid even less likely, Clearwire this week announced that they will be taking more Sprint money after all. According to a company press release, Clearwire will be getting an $80 million payment from Sprint on top of the $2.97-per-share existing offer by Sprint to acquire the rest of Clearwire. Dish had previously stated they'd withdraw their own $3.30-per-share counter-offer if Clearwire accepted that funding. Despite the fact the Sprint financing means the Dish deal is likely dead, Clearwire continues to insist they're engaged in ongoing negotiations with Dish.
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FFH5
Premium Member
join:2002-03-03
Tavistock NJ

FFH5

Premium Member

Softbank's takeover of Sprint gets cheaper as $ appreciates

SoftBank borrowed all the money to buy Sprint from Japanese investors. As the $ appreciates in value vs the Yen, it gets cheaper to pay back the loans to those Japanese investors. So, who cares? Well it makes it easier for SoftBank to continue spending more money than they will take in from the Sprint deal as they continue to build up Sprint's infrastructure. It is also why Dish will never get Clearwire and Sprint will - cash to burn.

»www.businessweek.com/new ··· int-deal