Advanced Television

Dish confirms end of Clearwire bid

June 27, 2013

By Chris Forrester

Dish Network has confirmed that it has abandoned its tender offer for Clearwire Corp.

Dish Acquisition, a subsidiary company, had offered to acquire all of the outstanding shares of Class A Common Stock of Clearwire Corporation, including any shares of Class A Common Stock issued in respect of outstanding shares of Class B Common Stock, for $4.40 per share.

Dish’s tender offer provided that it could be withdrawn, among other reasons, as a result of the recent change in recommendation by Clearwire.

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