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Banking Latest News: Dish Steps Down From Sprint Merger to Clear Way for Clearwire

Wochit 1:05 mins

After a months-long battle between Dish and SoftBank over Sprint, the satellite company abandons its $25.5 billion bid for the wireless carrier to focus on "completing the Clearwire tender offer." Billionaire investor Carl Icahn told Dell Inc shareholders that an investment bank would help fund his offer for the PC maker as he sought to assuage concerns over his means to fund the bid. In an open letter to Dell shareholders, Icahn said a major investment bank had indicated its willingness to make $1.6 billion available. A U.S. appeals court let stand a decision by the U.S. Export-Import Bank to finance the sale of 30 Boeing wide-body jets to Air India in a legal challenge brought by Delta Air Lines . "I am gratified by the court's recognition that these transactions should not be impeded by litigation," Fred Hochberg, chairman and president of Ex-Im Bank, said in a statement after the ruling.

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