dslreports logo
site
spacer

spacer
 
   
spc
story category
SoftBank Ups Sprint Offer to $21.6 Billion
Will Likely Be Final Nail in Semi-Absurd Acquisition Drama
by Karl Bode 09:14AM Tuesday Jun 11 2013
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.

view:
topics flat nest 

JasonOD

@comcast.net

Got to hand it to Ergen and Dish

For making this process as painful as possible for sprint. Not sure if softbank knows what they are getting into, but there will plenty of pain for them in the years to come.

Subaru
1-3-2-4
Premium
join:2001-05-31
Greenwich, CT
kudos:1

Wow

That's a heavy hitter
xenophon

join:2007-09-17

1 recommendation

Re: Wow

The only winner in this are Sprint shareholders who get a piece of the increase. Dish was nothing but a pointless thorn in the side with wild claims like $11B savings. Dish's wild claims gave Sprint shareholders leverage in the end.

Subaru
1-3-2-4
Premium
join:2001-05-31
Greenwich, CT
kudos:1

Re: Wow

Yep Dish only did that to themselves.

Rambo76098

join:2003-02-21
Columbus, OH

Typo

Karl, did you mean to say ..."if the sprint deal FELL through"?

I got really confused there for a second. Sounded like Softbank wanted to buy both Sprint and T Mobile or nothing.
rradina

join:2000-08-08
Chesterfield, MO

Re: Typo

Yes, that's what he meant. Perhaps he wrote it in the context of if the "Sprint [and Dish] deal went through".
Cobra11M

join:2010-12-23
Mineral Wells, TX

hmmm

Now Dish will start getting ready to buy out T-Mobile, since they wont prob be able to get clear at all.. T-Mobile is now their best bet. And I'm a T-Mobile customer.. Dish will def raise prices after such a merger... but who knows maybe T-Mobile will have a chance then