Cramer Quick Take: Clearwire's the Winner

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NEW YORK (TheStreet) -- Sprint (S) thought it had a deal to buy Clearwire (CLW) but Dish Network (DISH) jumped into the fray with a higher offer.

Jim Cramer told Debra Borchardt at TheStreet.com Wednesday he "did not think Clearwire could get to this point" because it was cheap stock and a company people thought would be bankrupt long ago.

Clearwire is "a play on spectrum," which is obviously what Dish wants for whatever reason, Cramer said, and so it is playing a high-risk game against Sprint. But if Dish is "playing with fire," Cramer said, in the end Clearwire gets a better price.

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-- Written by Margo D. Beller in New York.

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At the time of publication, Cramer's Action Alerts PLUS had no positions in the stocks mentioned.

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