Wednesday, April 17, 2013

Dish Network launches $25.5 billion unsolicited bid to acquire Sprint!

Dish Network launches $25.5 billion unsolicited bid to acquire Sprint
By Andy Vuong The Denver Post
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Related Dish Network on Monday launched an unsolicited $25.5 billion cash and stock bid for Sprint Nextel to create a combined company that would be able to offer nationwide pay-TV and cellphone service.

The proposal competes against a pending merger between Sprint and Tokyo-based Softbank, which in October offered $20 billion for a 70 percent stake in the No. 3 U.S. wireless carrier. Dish, the nation's third largest pay-TV provider, said its bid "represents superior value to Sprint shareholders." The proposal consists of $17.3 billion cash and $8.2 billion in stock, versus Softbank's offer of $12 billion in cash and $8 billion in investment capital.

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