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NEW YORK (TheStreet) -- Sprint (S) thought it had a deal to buy Clearwire (CLW) but Dish Network (DISH) jumped into the fray with a higher offer.
Jim Cramer told Debra Borchardt at TheStreet.com
Wednesday he "did not think Clearwire could get to this point" because it was cheap stock and a company people thought would be bankrupt long ago.
Clearwire is "a play on spectrum," which is obviously what Dish wants for whatever reason, Cramer said, and so it is playing a high-risk game against Sprint. But if Dish is "playing with fire," Cramer said, in the end Clearwire gets a better price.
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-- Written by Margo D. Beller in New York.
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