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The Battle Over Sprint and Clearwire Reaches Its End

The following video is from The Motley Fool's weekly Tech Review, in which host Chris Hill talks all things tech with Fool analysts Eric Bleeker and Lyons George.

The battle between DISH Network (NASDAQ: DISH  ) and Sprint Nextel (NYSE: S  ) over Clearwire (UNKNOWN: CLWR.DL  ) , a company owning a large amount of LTE-enabled broadband spectrum across the country, seems to be drawing to a close. In this segment, Lyons tells investors about Sprint's most recent offer for Clearwire and DISH's decision not to offer a counterbid, and what that will mean for Sprint going forward from here.

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The relevant video segment can be found between 3:13 and 5:35.

For the full video of this edition of the weekly Tech Review, click here .

Read/Post Comments (2) | Recommend This Article (2)

Comments from our Foolish Readers

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  • Report this Comment On June 23, 2013, at 1:28 AM, losangelesmax wrote:

    Hey genius,

    As usual the fool gets it wrong again.

    Dish said they were not going to be bidding again on Sprint. They also said they were going to focus on Clearwire.

    You have the story and the facts all screwed up, to the point where it is clear that you have no idea what the dynamic is, what is going on, who the players are, or anything else.

    Dish bid for Sprint, Softbank conterbid and dish walked away.

    Clearwire is another story, you have your stories confused (not that you understand either one of them.)

    Keep up the bad work.

  • Report this Comment On June 24, 2013, at 9:26 AM, XMFNoCeilings wrote:

    Hey LAMax,

    I'm not sure exactly what you're getting at.

    As of last Friday, Sprint had put in a bid for the remainder of Clearwire that valued the company at $5 a share. This offer came at a significant premium to the previous offer from Dish, which valued Clearwire at $4.40 a share.

    While it is true that Dish had been vying for Sprint with Softbank, by late last week it was clear that Dish had walked away from that deal and was, to your point, "going to focus on Clearwire."

    So yes, there were two stories going on, but I don't believe I had them confused in the slightest. Softbank was on the verge of closing the Sprint acquisition, and Sprint was on the verge of picking up the remainder of Clearwire. I neglected to mention that Dish had also been a Sprint contender because at the time of reporting, that wasn't relevant to the story's most current iteration.

    If there's something I'm missing, I hope you'll let me know. But as it stands, I believe our version of events is both concise and accurate.

    Thanks for watching,

    Lyons George

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Related Tickers

12/31/1969 7:00 PM
CLWR.DL $0.00 Down +0.00 +0.00%
Clearwire Corp CAPS Rating: **
DISH $53.91 Up +0.05 +0.09%
DISH Network CAPS Rating: **
S $6.64 Up +0.02 +0.30%
Sprint CAPS Rating: **