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Just two days before Sprint stockholder vote, Dish is still doing due diligence

0. phoneArena 10 Jun 2013, 20:52 posted on

Just two days before Sprint stockholders vote on whether to accept the $20.1 billion offer from Japan's SoftBank to buy 70% of the nation's third largest carrier, Dish Network said that it was still doing due diligence on Sprint's books; after Sprint agreed to the SoftBank deal, Dish lobbed in a $25.5 billion bid to buy the entire company. Dish says that it is currently negotiating its own deal with Sprint...

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posted on 10 Jun 2013, 20:54 2

1. ZeroCide (Posts: 678; Member since: 09 Jan 2013)


If i was a stock holder i'd vote yes to SoftBank. Dish is a bad deal.

posted on 10 Jun 2013, 21:43

2. lsutigers (Posts: 670; Member since: 08 Mar 2009)


Agreed. Unless Google is behind Dish trying to acquire Sprint without much gov't scrutiny which has been hinted over and over again by many analysts.

posted on 10 Jun 2013, 22:03

3. ojdidit84 (Posts: 190; Member since: 16 Jul 2011)


Same here. I'm all for Softbank over Dish. But if Google was behind Dish I'd jump all over that in a heartbeat.

posted on 10 Jun 2013, 22:41

4. a_merryman (Posts: 546; Member since: 14 Dec 2011)


Should update the article, Softbank increased its bid for Sprint and Paulson is now behind the revised Softbank deal.

http://dealbook.nytimes.com/2013/06/10/softbank-raises-bid-for-sprint-to-21-6-billion/

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