Foursquare said Thursday it has raised $41 million to expand its location-based service, but the financing is convertible debt rather than equity, which increases the pressure on the company to prove it has a real business. Read more »
A regulatory filing shows Dish invested in $396 million in an unnamed company. Analysts believe that company is Clearwire and that dish could be preparing to partner with the ailing WiMAX provider to build its new LTE network — that is if gets permission to build. Read more »
Sprint gave up its voting majority on the Clearwire board last year, but now it has given up its majority ownership in the 4G provider as well. By letting its stake fall below 50 percent, Sprint protects itself if Clearwire defaults on its debt. Read more »
LightSquared is preparing for a potential bankruptcy filing on Monday as it has made little progress in its negotiations with debtholders. If LightSquared does enter into bankruptcy it might find Dish Network waiting, eager to relieve it of its spectrum. Read more »
The other day I had coffee with an entrepreneur whom we’ll call Shai. Shai was entertaining me with good, and not-so-good, stories about his experiences learning the ropes in the new media business in the U.K. One pearl of wisdom stuck out. Shai recalled a period […] Read more »
