Overland Park News
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Sprint Nextel Corp.’s sweetened bid for wireless-network partner Clearwire Corp. has failed to persuade opponents to the takeover, raising speculation that the company will have to raise its price again.
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SoftBank Corp. will let the U.S. government have veto power over one nominee to Sprint Nextel Corp.’s board to ease security concerns if its $20.1 billion takeover bid succeeds, a person familiar with the matter said.
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Sprint Nextel Corp. increased its bid for full control of its wireless-network partner Clearwire Corp., seeking to persuade shareholders to reject a competing proposal from Dish Network Corp.
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Sprint Nextel Corp. will give private financial data to Dish Network Corp., letting the satellite carrier build a case for its $25.5 billion takeover offer.
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Charlie Ergen, chairman of satellite- TV provider Dish Network Corp., made a $2 billion bid for radio frequencies from LightSquared Inc., the bankrupt wireless- broadband company owned by Philip Falcone’s hedge-fund firm, according to people familiar with the offer.
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Charlie Ergen, chairman of satellite- TV provider Dish Network Corp., made a $2 billion bid for radio frequencies from LightSquared Inc., the bankrupt wireless- broadband company owned by Philip Falcone’s hedge-fund firm, according to people familiar with the offer.
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Sprint Nextel Corp. is under increasing pressure to open up its books to Dish Network Corp., which is arranging the financing it would need to outbid SoftBank Corp. with a $25.5 billion takeover offer.
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Sprint Nextel Corp.’s bid for Clearwire Corp., slated for an investor vote on May 21, won the endorsement of Egan-Jones Ratings Co., which joined Institutional Shareholder Services Inc. in supporting the deal.
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SoftBank Corp., bidding to take over Sprint Nextel Corp. in a $20.1 billion deal, is planning a new Silicon Valley office for the U.S. carrier that would employ as many as 1,000 people.
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SoftBank Corp. Chief Executive Officer Masayoshi Son renewed his attacks on Dish Network Corp., his rival suitor for Sprint Nextel Corp., saying the satellite company would be a poor match for a wireless carrier.
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