Sprint sues Dish, Clearwire as key deadline looms

Home Forums Sprint sues Dish, Clearwire as key deadline looms

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    Anonymous

    Technology News

    People walk past a Sprint store in New YorkBy Jonathan Stempel and Sruthi Ramakrishnan (Reuters) – Sprint Nextel Corp on Monday said it has sued Dish Network Corp to block its tender offer for Clearwire Corp, on the eve of a key deadline in a takeover battle that also includes Japanese mobile carrier SoftBank Corp. The lawsuit filed on Monday in Delaware Chancery Court accuses Dish of trying to “fool” and “coerce” Clearwire shareholders into tendering their shares, and rejecting Sprint's competing effort to buy the 49.8 percent it did not already own of the wireless broadband provider. …


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