7:32 PM
Sprint's board clearly seems to be favoring the SoftBank deal--Sprint asked SoftBank for a $600 mil reverse breakup fee if the deal falls apart but they are demanding that Dish agree to pay $3 bil if the deal falls apart. Dish offered a $1 bil reverse-breakup fee, but Sprint's board is insisting on a reverse breakup fee *5x* more than they asked from SoftBank:
http://www.bloomberg.com/news/2013-06-11/dish-sprint-talks-said-to-falter-in-part-over-breakup-fee-issue.html
The special Clearwire committee assigned with evaluating Dish's offer will advise the rest of Clearwire's board to accept Dish's cash offer for the company. Sprint is saying that the Dish offer is bad for Clearwire and is even arguing that Dish's offer is illegal. However, if Clearwire accepts Dish's offer and Dish gets at least 25% of Clearwire, then Dish can block Sprint's buyout of Clearwire...which means that SoftBank won't buy Sprint:
http://www.androidcentral.com/clearwire-expected-accept-dish-offer-amidst-questions-governance-terms
Palm's former CEO wishes that they didn't sell Palm to HP, saying that it is such a waste that HP just shut the company down and didn't give it a chance to succeed:
http://www.fiercewireless.com/story/rubinstein-hps-purchase-palm-talk-about-waste/2013-06-11
Kanye West is a *little* confident (or full of it) and he says that he is "udoubtedly" going to be the Steve Jobs of Internet, downtown, fashion, and culture:
http://betabeat.com/2013/06/kanye-west-is-pretty-sure-hes-the-successor-to-steve-jobs/
http://www.bloomberg.com/news/2013-06-11/dish-sprint-talks-said-to-falter-in-part-over-breakup-fee-issue.html
The special Clearwire committee assigned with evaluating Dish's offer will advise the rest of Clearwire's board to accept Dish's cash offer for the company. Sprint is saying that the Dish offer is bad for Clearwire and is even arguing that Dish's offer is illegal. However, if Clearwire accepts Dish's offer and Dish gets at least 25% of Clearwire, then Dish can block Sprint's buyout of Clearwire...which means that SoftBank won't buy Sprint:
http://www.androidcentral.com/clearwire-expected-accept-dish-offer-amidst-questions-governance-terms
Palm's former CEO wishes that they didn't sell Palm to HP, saying that it is such a waste that HP just shut the company down and didn't give it a chance to succeed:
http://www.fiercewireless.com/story/rubinstein-hps-purchase-palm-talk-about-waste/2013-06-11
Kanye West is a *little* confident (or full of it) and he says that he is "udoubtedly" going to be the Steve Jobs of Internet, downtown, fashion, and culture:
http://betabeat.com/2013/06/kanye-west-is-pretty-sure-hes-the-successor-to-steve-jobs/