SoftBank Ups Sprint Offer to $21.6 Billion
Will Likely Be Final Nail in Semi-Absurd Acquisition Drama
According to the Financial Times
, Japanese carrier SoftBank has upped their offer for Sprint to $21.6 billion, after being pressured in that direction by a counter-offer from Dish Network. That $1.5 billion increase appears to have all but sealed the deal for SoftBank, Sprint having now cut off talks with Dish while stating that the special committee examining the offers "is not reasonably likely to lead to a 'superior offer." SoftBank this week appears to have leaked information to the press
suggesting they'd acquire T-Mobile if the Sprint deal went through, adding some additional pressure to accept the offer that came through shortly after the leaks went public.