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The Deal: Dish Hangs Up On Clearwire

Other possibilities for Dish include a sale to AT&T Inc. (T - Get Report) or a merger with fellow satellite operator DirecTV Group (DTV - Get Report).

Unlike cable operators or telecoms with pay TV services, Dish and DirecTV do not have broadband networks that can take advantage of the growth in online video and other content. Ergen has pursued mobile businesses or partnerships that could provide a wireless broadband connection. DirecTV has looked at online video service Hulu.

Sprint's takeout price is a substantial premium above the $2.90 per share that the carrier initially planned to offer for Clearwire. The company made a formal bid at $2.97 per share, and bids from Dish drove the price higher.

Written by Chris Nolter

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SYM TRADE IT LAST %CHG
CLWR $0.00 0.00%
DTV $89.85 0.00%
DISH $69.91 0.00%
S $5.27 0.00%
T $34.01 0.00%

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S&P 500 2,117.69 +4.76 0.23%
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