Tag Archives: DishNetwork

Dish withdraws its offer to buy Clearwire

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Sprint Dish Wire

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(seemingly) out of the running: following a decision to back away from buying Sprint, the satellite TV giant has also withdrawn its bid for Clearwire.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.

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Via: Bloomberg News (Twitter)

Source: Dish

Sprint boosts Clearwire buyout offer to $5 per share, $14 billion valuation

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We're deep into a bona fide bidding war here -- Sprint and Dish are both battling for an approximately 50-percent stake in Clearwire, and as of today, that former contestant's bid makes it the new front runner. To catch you up, last month Dish offered $4.40 per share for Clearwire, following Sprint's offer of $3.40 per share made way back in December. Now, the carrier has increased its bid to a whopping 5 bucks per share, which values Clearwire at just about $14 billion. (As you can probably imagine, CLWR's trading price has jumped today to match that new target.) This comes just days after Sprint filed a lawsuit to prevent the other two parties from moving forward. Whether or not CLWR's spectrum and other assets make it worth that sum is a different story, but Sprint clearly sees some solid value there.

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Source: Sprint (BusinessWire)

Dish Anywhere for iPad updated with remote reset and Audio Only features

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DNP Dish Anywhere for iPad updated with new remote reset and Audio Only

Dish rolled out a sizable update for its Anywhere iPad app today, allowing on the go socialites to share viewing habits with friends via Facebook and Twitter. Less socially-connected couch potatoes will see new features as well, like the ability to remotely reset their receiver whenever they find themselves in a pinch. Version 4.0.3 also ushers in an updated DVR schedule that includes Skipped and Conflicts, along with an Audio Only mode for Hopper users. Finally, Dish customers rocking unsupported satellite receivers now have access to On Demand programming. Looking for more information? Head on over to the source link below for all the details.

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Source: iTunes

Dish ships Hopper with Sling DVR to livestreamers across the US

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Dish ships Hopper with Sling DVR to livestreamers across the US

Dish didn't quite make the January release target for the Hopper with Sling, but we'll take a slight delay for such a tangible upgrade. As of today, subscribers across the US can pick up the remote streaming DVR if they're willing to pay the $10 monthly whole-home DVR fee; new subscribers who pick at least the $50 Top 120 channel bundle won't have to pay anything up front for the 2TB set-top box. Of course, the real savings theoretically come from skipping the need for a discrete Slingbox -- instead, viewers only need the Dish Anywhere app to stream live and recorded shows, and they can travel with offline copies of their recordings through Hopper Transfers. If you're the sort to see TV as a pay once and watch anywhere service, the Sling-equipped Hopper might justify the longer wait.

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Source: Dish

Dish wants FCC to freeze its review of SoftBank’s Sprint deal

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Dish wants FCC to freeze its review of SoftBank's Sprint deal

If you ran Dish, how would you get extra leverage when fighting Sprint for control of Clearwire? Try to put SoftBank's acquisition of Sprint on ice, that's how. The satellite TV provider has asked the FCC to pause its review process over "unresolved contingencies" with Sprint's proposed buyout of Clearwire. Among the concerns, Dish warns that Sprint might not get full control of Clearwire or its spectrum, skewing the final value of the takeover, and that approval of the SoftBank-Sprint union might give the combined entity an unfair edge. Dish also makes a case for preserving wireless competition, but the company is still fairly conspicuous in its ultimate aims -- it wants a better shot at buying Clearwire, or at least to eke some LTE-friendly spectrum out of Sprint before SoftBank can move in. Just filing a request isn't a guarantee of action, however, and it's likely that Sprint will push back against any attempts to derail what's likely its deal of the decade.

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Via: Bloomberg

Source: FCC (PDF)

Dish Network makes an offer to buy Clearwire, even though Sprint was already buying Clearwire

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Surprise news this afternoon as Clearwire announced it's received an acquisition offer from Dish Network, even though Sprint was already on the hook to snap up the company for $2.2 billion. According to the press release (included after the break), a special committee of the Clearwire Board of Director's has decided to negotiate with dish based on its proposal, although it has not changed its recommendation of the current Sprint transaction.

Predictably, Sprint is not taking the news well, producing a series of bullet points (also in the release) about why Clearwire can't and / or shouldn't sell to Dish. Dish's statement is short and to the point, only saying it looks forward to working with the special committee as they evaluate its proposal. Of course, since Dish is offering $3.30 per share and Sprint is offering $2.97 one can see why the board is mulling it over, but all we know for now is that the "definitive agreement" with Sprint... wasn't.

Continue reading Dish Network makes an offer to buy Clearwire, even though Sprint was already buying Clearwire

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Source: Clearwire, Dish Network, Sprint