Account
Sprint Nextel Corp raised its buyout offer for wireless service provider Clearwire Corp to $3.40 per share on Tuesday under pressure from activist shareholders, but the new bid failed to impress several big investors.Clearwire shares traded around the new offer price after Sprint was forced to revise its original $2.97 per share offer just hours before a scheduled shareholder vote on the deal.Analysts and investors had predicted that the original bid would not have won approval. Clearwire said it would review the new bid and postponed the vote to May 30.However, the improved offer met with an icy reception from several investors including several top-20 Clearwire shareholders with more than 14 percent of the minority votes.Crest Financial, the biggest of the opposing minority shareholders with about 8 percent of Clearwire's public shares, urged Clearwire shareholders and its board to reject the new offer which it said "significantly undervalues Clearwire."Crest, which had led a proxy f...
Dish Network Corp asked U.S. regulators on Thursday to stop reviewing SoftBank Corp's <9984.T> proposed acquisition of Sprint Nextel Corp's , citing the Japanese com...
Dish Network Corp said on Tuesday it will sell $2.5 billion in debt to help fund a $25 billion bid for Sprint Nextel Corp, and that it believes it has answered all q...
Dish Network Corp. (DISH) plans to sell $2.5 billion in debt to help fund its proposed $25.5 billion acquisition of wireless carrier Sprint Nextel Corp. (S).Dish is ...
Proxy adviser Egan-Jones is recommending that Clearwire Corp. (CLWR) shareholders vote for Sprint Nextel Corp.'s (S) agreement to buy the smaller mobile broadband pr...
Japanese telecom company SoftBank Corp. (9984.TO), which owns 33% of China's Alibaba Group Holding Ltd., has told banks that their financing of Dish Network Corp.'s ...
SoftBank Corp has asked investment banks not to finance a rival bid for Sprint Nextel Corp by Dish Network Corp, saying doing so could hurt their chances of gaining ...
Proxy advisory firms offered differing views of Sprint Nextel Corp.'s (S) contested bid to take over Clearwire Corp. (CLWR), raising the uncertainty around the May 2...
Proxy advisory firm Institutional Shareholder Services Inc. has recommended Clearwire Corp. (CLWR) shareholders vote for the takeover offer from Sprint Nextel Corp. ...
SoftBank Corp. (9984.TO) Chief Executive Masayoshi Son said Sprint Nextel Corp. (S) likely would continue to fund Clearwire Corp. (CLWR), even if Clearwire sharehold...
Dish Network Corp.'s (DISH) first-quarter earnings fell 40% on higher costs while the satellite-television operator's former EchoStar Corp. (SATS) unit posted a 97% ...
Dish Network Corp.'s (DISH) first-quarter earnings fell 40% on higher costs while the satellite-television operator's revenue also fell short of Wall Street expectat...
Dish Network Corp.'s (DISH) first-quarter earnings fell 40% on higher costs while the satellite-television operator's revenue also fell short of Wall Street expectat...
ESPN, the sports channel that is Walt Disney Co's most profitable unit, is cutting 300 to 400 jobs across the company and closing a small Denver office, a person wit...
Softbank Corp. (9984.TO) is planning yet another record-breaking sale of retail bonds to Japanese investors, seeking to raise around Y400 billion, The Nikkei reporte...
Sprint Nextel (NYSE:S) boosted its offer for the remaining stake in Clearwire (NASDAQ:CLWR) by 14%, averting a shareholder vote Tuesday that was expected to strike d...
Wireless service provider Sprint Nextel Corp received a waiver from SoftBank Corp on various provisions of their merger agreement permitting it to engage in discussi...
DirecTV (NASDAQ:DTV) is eyeing a possible bid to acquire online video site Hulu, according to a Wall Street Journal report.The No. 2 U.S. pay-TV operator was among t...
Tom Wheeler, nominated to become the new chairman of the Federal Communications Commission, pledged to divest stakes in AT&T Inc, Dish Network Corp, Google Inc and d...
Clearwire's (NASDAQ:CLWR) minority shareholders will likely vote down next week a buyout offer from Sprint Nextel (NYSE:S), pushing the third-largest U.S. wireless c...
