Dish ups bid for Clearwire two days before shareholder meeting

Dan Graziano
Dish Clearwire Acquisition Offer Increased
Dish Clearwire Acquisition Offer Increased

Dish on Wednesday increased its bid to acquire wireless broadband wholesaler Clearwire. The company is now offering $4.40 per share, a 29% premium over Sprint’s proposal, which values the firm at $6.47 billion. Sprint recently raised its offer to $3.40 per share after shareholders had criticized its original proposal of $2.97 per share. Dish, whose offer comes two days before Clearwire shareholders are scheduled to vote on Sprint’s proposal, is also locked in a battle with Japanese company SoftBank to acquire Sprint.

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This article was originally published on BGR.com