Clearwire plans to take $80 million in financing from Sprint, the first time the company has pulled from an $800 million arrangement between the two. The announcement confirms a report from The Wall Street Journal yesterday, with the money coming in the form of notes that convert into stock, a tactic that could eventually increase Sprint's stake in Clearwire — even as the carrier attempts to buy the company's remaining shares outright. That plan has been delayed some thanks to Dish Network, which made a surprise bid to the tune of $5.15 billion last month, effectively doubling Sprint's $2.2 billion offer.
However, Dish has publicly stated that it would withdraw its bid should Clearwire dip into the Sprint financing agreement, which...
via The Verge - All Posts http://www.theverge.com/2013/2/27/4035358/clearwire-to-take-80-million-financing-from-sprint-hampering-dish-buyout
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