(Reuters) - Dish Network Corp (DISH.O) said it raised its offer for Clearwire Corp CLWR.O to $4.40 per share in cash, topping Sprint Nextel Corp’s (S.N) bid.
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
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