Clearwire to tap Sprint money but continue Dish talks
(Reuters) – Wireless service provider Clearwire Corp said on Wednesday it would draw on $80 million in financing from Sprint Nextel Corp, which is seeking to buy it, but vowed to continue talks with rival bidder Dish Network Corp. Shares of Clearwire fell 3 cents to $3. 17 after the decision, which could end Dish Chairman Charlie Ergen’s effort to buy Clearwire. But the stock was still above Sprint’s offer of $2. 97 per share, showing that investors still held out hope for a higher valuation. Analysts said Clearwire was likely trying to force Dish to firm up its proposal. . . .
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