Dish tops rival Sprint's bid for Clearwire

Wed May 29, 2013 7:56pm EDT
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(Reuters) - Dish Network Corp (DISH.O: Quote) said it raised its offer for Clearwire Corp CLWR.O to $4.40 per share in cash, topping Sprint Nextel Corp's (S.N: Quote) bid.

Sprint raised its buyout offer for wireless service provider Clearwire to $3.40 per share on May 21 under pressure from activist shareholders.

(Reporting by Garima Goel in Bangalore; Editing by Phil Berlowitz)

The sign in the lobby of the corporate headquarters of Dish Network is seen in the Denver suburb of Englewood, Colorado April 6, 2011. REUTERS/Rick Wilking