Home Page : Archive News : January 2014 News : UPDATE 1-Dish pulls bid for LightSquared; shares drop | |
UPDATE 1-Dish pulls bid for LightSquared; shares drop | |
January 09, 2014 NEW YORK, Jan 9- Satellite TV provider Dish Network Corp has pulled its bid to buy bankrupt wireless spectrum provider LightSquared Inc, a lawyer said in court on Thursday. Dish had put in a bid of $2.2 billion for LightSquared, but its efforts were opposed by LightSquared lenders and the telecom firm's controlling shareholder, Harbinger Capital Partners. Source: http://www.cnbc.com/id/101323639 |