Dish abandons bid for Sprint


Published Jun 22, 2013 at 05:00AM / Updated Nov 19, 2013 at 12:31AM

Dish Network Corp. said Friday it has abandoned its pursuit of Sprint Nextel Corp., clearing the path for Sprint’s $21.6 billion deal with SoftBank Corp.

Dish’s announcement did not end the company’s quest to acquire shares of Clearwire Corp., Sprint’s wireless network partner that has agreed to merge with Sprint.

In a filing Friday with the Securities and Exchange Commission, Dish did not give an explanation for its decision to drop its bid for Sprint.

— From wire reports