Sprint has increased its bid for Clearwire to $5 a share in the hopes of forcing satellite TV provider Dish Network to drop out of the race.
Wireless broadband provider's board recommends shareholders accept Dish's bid, which is $1 a share greater than a rival bid by majority owner Sprint Nextel.
Wireless broadband provider postpones shareholder vote to review Dish's offer, which topped Sprint's by $1 per share.
Satellite TV provider offers $1 a share more than Sprint for the wireless broadband provider, a 29 percent premium over the carrier's offer.
The satellite TV provider's unsolicited offer for the wireless broadband company is more than 10 percent higher than Sprint's.
CNET gives you the skinny on what this deal means for consumers and the broader wireless industry.
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