The bidding war between Dish Network and SoftBank for Sprint appears to be over. Following the raised bid of $21.6 billion by SoftBank last week, and Sprint suing both Dish and Clearwire for getting in the way of its merger deal with Softbank, Dish has withdrawn its offer. Dish will now focus on acquiring a large minority stake in Clearwire. With Sprint out of picture, Dish will still continue to look for strategic partners in the wireless industry or build its own network.
The bidding war between Dish Network and SoftBank for Sprint appears to be over. Following the raised bid of $21.6 billion by SoftBank last week, and Sprint suing both Dish and Clearwire for getting in the way of its merger deal with Softbank, Dish has withdrawn its offer. Dish will now focus on acquiring a large minority stake in Clearwire. With Sprint out of picture, Dish will still continue to look for strategic partners in the wireless industry or build its own network.
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