Dish withdraws its offer to buy Clearwire

And with that, Dish is (seemingly) out of the running: following a decision to back away from buying Sprint, the satellite TV giant has also withdrawn its bid for Clearwire. The company is bowing out due to a "change in recommendation" at Clearwire -- in other words, shareholders now prefer Sprint's recently sweetened offer. Between that and Sprint's lawsuit, we're not expecting Dish to make another acquisition attempt, especially when Softbank's acquisition of Sprint (and thus Clearwire) could close in a matter of weeks.

Filed under: Wireless, Mobile, Sprint

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Via: Bloomberg News (Twitter)

Source: Dish