January 9, 2013
The following video is from Wednesday's MarketFoolery podcast, in which host Chris Hill, as well as analysts Tim Hanson and Joe Magyer, discuss the top business and investing stories.
While Sprint Nextel (NYSE: S ) offered recently to buy the remaining 49% of Clearwire (NASDAQ: CLWR ) that it doesn't currently own, DISH Network (NASDAQ: DISH ) made a better offer. The bidding war is further complicated by the fact that Sprint, in owning 51% of the company, would have to approve DISH's offer, and it has said it won't do that. In this segment, the guys discuss the probable outcome, why this has caused a pop in Clearwire stock, and what investors should think of the whole situation.
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The relevant video segment can be found between 7:48 and 13:03.