Latest in Acquisition

Image credit:

Dish withdraws $2.2 billion bid for Lightsquare's wireless spectrum

Share
Tweet
Share
Save

Sponsored Links

You might want to hold off on thinking of a portmanteau for Dish and Lightsquared. The satellite TV company has officially withdrawn its $2.2 billion bid for the ailing firm's wireless spectrum, despite actively pursuing the acquisition last year. In fact, Lightsquared even filed a case against Dish chairman Charles Ergen for allegedly purchasing $1 billion of its debts (illegally, that is) in an effort to take over. While this is the latest in Dish's string of failed acquisition attempts -- remember Sprint and Clearwire last year? -- it's likely not the end of the company's wireless dreams. Lightsquared's lawyers believe the move might just be a ploy to force the company to sell for a lower offer, so the saga might continue. Dish is also testing a fledgling LTE broadband service in Virginia and Texas, with hopes of making it available to the rest of rural America in the future. Besides, 2014 has just begun -- Dish has a whole year ahead of it to set its sights on yet another company to buy.

Source: Reuters
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share
Save

Popular on Engadget

Engadget's Guide to Privacy

Engadget's Guide to Privacy

View
Batman comes to 'Fortnite' along with Catwoman and Gotham City

Batman comes to 'Fortnite' along with Catwoman and Gotham City

View
Hitting the Books: Searching for ancient cities from space

Hitting the Books: Searching for ancient cities from space

View
The Morning After: Taking a look inside the iPhone 11 Pro Max

The Morning After: Taking a look inside the iPhone 11 Pro Max

View
Ask Engadget: How can I improve my rural internet?

Ask Engadget: How can I improve my rural internet?

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr