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The focus now shifts to Clearwire, where Dish has a new set of headaches. Sprint’s deal with Softbank hinges, in part, on Sprint’s ability to acquire the remaining half of Clearwire it didn’t already own.

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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?