Dish Network bids $25.5 billion for Sprint
0. phoneArena 15 Apr 2013, 07:05 posted on
The nation's third largest carrier, Sprint, has received a $25.5 billion bid for the company from Dish Network which works out to $7 per share for each Sprint stockholder who receives $4.76 in cash and 0.05953 DISH shares for each share of Sprint; the deal represents a premium of 13% over the value of the existing offer from Softbank to buy 70% of the company...
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1. wiiandds (Posts: 61; Member since: 15 Mar 2013)
As long as they still keep Sprint's subsidiary, it sounds like i good deal.
20. maier9900 (Posts: 272; Member since: 17 Dec 2011)
There was also an article about Dish N. bidding to buy T-mobile. They're going to buy every wireless carrier in the U.S. and call it Dish Mobile.
2. tigermcm (Posts: 806; Member since: 02 Sep 2009)
well dang I must have been sleeping under a rock or something because I thought Sprint and Softbank were done with their lil merger/buy out plan
7. lovenyc8 (Posts: 164; Member since: 13 Mar 2013)
go dishnetwork anyone who buy it from the usa is cool don;t like outsiders buying USA companys.
13. a_merryman (Posts: 744; Member since: 14 Dec 2011)
So clearly you don't like Verizon or T-mobile...since nearly half of Verizon is owned by Vodafone and t-mobile is owned by Deutsche Telekom AG. Most of the large corporations are multinational organizations.....just because they're from America doesnt mean the majority of their employees are, or even that it is American owned or run.
14. lovenyc8 (Posts: 164; Member since: 13 Mar 2013)
its better when an amercian company is bought by an amercian company. because they would understand the amercian market better. plus if japan bought sprint the prices would go up because everythign in japan is expansive and they would move it the way cell phones companies in japan move and perices rules. tmobile is diffrent they are doing great and there prices are good and there plans are good, verzion on there other hand has crazy plans and greedy company the same would happen if japan bought it
15. a_merryman (Posts: 744; Member since: 14 Dec 2011)
I'm going to go out on a limb here and say that the Wireless carrier understands the wireless carrier and regulations better then the satellite TV provider. Please tell me how a Japanese company buying Sprint would make the prices go up "because everything in Japan is more expensive"...thats some 3rd grade thinking on markets right there. There are reasons Japan is more expensive...its an island nation with little natural resources.
T-mobile is not different in this at all, it is 100% foreign owned...and it's the cheapest. Verizon is greedy....can't argue that. Another reason why the Softbank/Sprint merger is better, is b/c Clearwire's spectrum is the same spectrum that Softbank is deploying its 4g on...along with the rest of the world. Which means that Sprint and Softbank can buy the equipment to deploy it in larger orders which means lower prices. And the possibility of being able to roam on Softbanks network if you're in Japan and vice versa.
17. lovenyc8 (Posts: 164; Member since: 13 Mar 2013)
well i think it would be too many changes will happen if softbank will buy sprint and people don't like change. but i agree on softbank buying it would be better for them because they have the experince with wireless carrier better than dishnetwork. but lets see what happens
8. gmracer1 (Posts: 646; Member since: 28 Dec 2012)
Sprint's Market Cap is $21B and Dish's bid is $25.5B? LOL
9. ZeroCide (Posts: 706; Member since: 09 Jan 2013)
If Dish buys Sprint I feel this is the downfall of sprint. To let a cable TV company run a cell phone netwok is not good. Dish isn't exactly in good shape. Dish was good but they ran that company poorly. It is one of the word cable TV providers out there. You can see Cable TV pricing models are extremely stupid. If they bring these models to Spint this is surely the end of spints great pricing model.
11. downphoenix (Posts: 2553; Member since: 19 Jun 2010)
Dish network isnt a cable tv company. They are a satellite tv company. And they have had good marks in customer service so their pricing model cant be that bad. Its cheaper than Directv for sure.
10. downphoenix (Posts: 2553; Member since: 19 Jun 2010)
Could have swore Softbank bidded more.
I think Dish would be a better suit though. There isnt any overlap (or at least very little) since they are different industries. Also being able to bundle wireless with their TV services would give them value added incentive over something like what AT&T offers and also will be a benefit Sprint customers that also use Dish can take advantage of.
12. ardent1 (Posts: 2000; Member since: 16 Apr 2011)
DISH screwed up it's offer. Traditionally, the bid is an average of 30% premium to closing price. Additionally, a significant amount of the bid is in DISH stock, which fell with the bid. Third, DISH's financing is NOT secured as it only as a "Highly Confident Letter" from the Investment Banker.
16. JEverettnow (Posts: 218; Member since: 11 Mar 2013)
What sucks is Sprint's 4g LTE network being built out was completely dependent on the softbank deal. Now that that deal may not go through in May, the network will be slow and sparse until a dish deal goes through. This company can't afford another year of losing subscribers due to the horrible network. Not cool!
19. VAPlaya1 (Posts: 6; Member since: 31 Oct 2012)
If DISH were the buyer..that just might not be to bad. As long as they don't change Sprint to a Verizon type, money hungry, charge to much company. (Keep the unlimited plans that is), I'm good!
21. snowgator (Posts: 3335; Member since: 19 Jan 2011)
Let's just hope if this goes through, that Dish has better luck with Sprint then they did with Blockbuster.
So far, not so good on that one.