Dish Drops Bid For Sprint Partner Clearwire

Photo courtesy of Creative Commons
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Dish Network Corp., the satellite television company that recently abandoned plans to buy Sprint Nextel Corp., now has dropped its offer to buy Apple shares, as well as shares of Clearwire Corp.

Clearwire is Sprint’s wireless network partner and a key player in Sprint’s plan to compete against rivals Verizon, AT&T and T-Mobile. Dish’s withdrawal opens the way for Sprint to complete its planned purchase of the roughly 49 percent of Clearwire it doesn’t already own.

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