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In a rather bold move, Sprint has sued Dish Network to stop the satellite TV provider from purchasing a controlling interest in Clearwire. Though the offer Dish put on the table was recommended by the Clearwire board to their shareholders, Sprint is claiming it violates shareholders’ rights under the Clearwire charter.

Sprint

Softbank has increased their offer for Sprint to $21.6 billion, up from just over $20 billion, and restructured it to give them a larger stake. The new offer is for $16.6 billion in cash, and $5 billion invested into the new company. Is more money to shareholders, and less invested into the new company, a good idea?

MetroPCS Dish

DISH Network has long been a shark, circling the school of Mobile carrier fish. They made an attempt to wrestle Clearwire from Sprint long ago, and were famously flirting with Google regarding a network of some sort. DISH has an angle here… and it’s a good one. They want to bundle everything we want, together, making themselves the go-to provider for… anything, really.

Clearwire logo

In the wake of the Sprint-SoftBank deal, we learned that Sprint would need to buy out the remaining half of Clearwire they didn’t yet own. Sprint’s offer to Clearwire was for $800 million, spread out over 10 months. Each month, Clearwire can take an $80 million payment, which is convertible to Clearwire stock.