Proxy firm ISS has sided with Dish Network Corp. (NASDAQ: DISH) in the battle between it and Sprint Nextel Corp. (NYSE: S) to buy Clearwire Corp. (NASDAQ: CLWR). The opinion means that the 4G spectrum that Dish needs to compete against AT&T Inc. (NYSE: T), Sprint and Verizon Wireless may become available soon. More importantly, the natural enemies of satellite broadcasting– the cable companies — will find themselves up against a more well-armed Dish as it can offer bundles of voice, TV and broadband.
Sprint has an offer to buy 78% of its shares from Japan’s Softbank. An alternative offer has been made by Dish. Between the two deals, the war between Dish and Softbank has become unusually complicated. Softbank believes that part of Sprint’s value is its ownership in Clearwire. Proxy firms have given Softbank the edge in the Sprint deal by recommending against Dish.
At this point, Softbank and Dish each likely will get only half of what they would like to have, which means each will walk away from the complex series of offers with visions of a combined Clearwire and Sprint tie up dead.
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
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