Dish Tops Sprint's Bid for Clearwire

Dish Network Corp (NASDAQ:DISH)said it raised its offer for Clearwire Corp (NASDAQ:CLWR) to $4.40 per share in cash, topping Sprint Nextel Corp's (NYSE:S) bid.

Sprint raised its buyout offer for wireless service provider Clearwire to $3.40 per share on May 21 under pressure from activist shareholders.

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