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Sprint Latest News: Clearwire Board Cosies Back up With Sprint

Wochit 0:43 mins

Sprint may well wrest Clearwire from Dish Network after all.The company, which had earlier filed a lawsuit against Dish for its attempted takeover of Clearwire, has increased its offer for the wireless technology firm and won the board's backing. 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." Due to meeting a crucial deadline, the Dish's conversation with Sprint has come to an end.

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