Meanwhile, Clearwire effectively can't sell out to anyone other than Sprint. "Clearwire would not be able to sell the whole Company as Sprint has stated that they are not willing sellers," Stanton wrote.
Compared with Dish's proposal, it's easier to predict what a Sprint buyout will bring for Clearwire shareholders, Recon Analytics analyst Roger Entner said. That matters for a company that's trying to keep running and set up a viable future for itself, he said.
"The Sprint offer gives a lot more certainty about the future," Entner said. "With the Dish offer, there's a lot more uncertainty around it, and for a company teetering on the going-concern edge, certainty is an important thing."
Entner also believes Sprint shareholders ultimately will choose Softbank's offer over Dish's because of the debt that Dish would have to incur.
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