What will Charlie do?
0. phoneArena 11 Jun 2013, 22:19 posted on
Now that Japan's SoftBank has raised its bid for 70% of Sprint by $1.5 billion to $21.6 billion, the question on the mind of SoftBank's investment bankers, industry analysts and Wall Street traders is, "What will Charlie do?" The Charlie in question is none other than Charles Ergen, the CEO of Dish Network. Ergen's desire to start a new mobile carrier has put Dish in the middle of two takeover battles...
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1. QWIKSTRIKE (Posts: 1042; Member since: 09 Mar 2010)
21 BILLION PLUS 8 BILLION TO EXPAND FROM SOFTBANK = 29 BILLION
2. Alan01 (Posts: 350; Member since: 21 Mar 2012)
Not really. As SoftBank said yesterday, the extra $1.5 billion is coming from the money earmarked for Sprint.
3. Jack58221 (Posts: 153; Member since: 23 Feb 2013)
so, less money for Sprint, but more money to bribe share holders with?
4. Daftama (Posts: 617; Member since: 03 Nov 2012)
So we the consumer dont see any quick improvements to LTE VOIPLTE hmm
5. a_merryman (Posts: 749; Member since: 14 Dec 2011)
Pretty much, to be fair...should you expect anything less from shareholders? Of course they want as much money as they can get for their shares.
I still wish that Softbank could have gotten the original offer through, that one is better for consumers. Though this new offer is still far better then Charlie's offer was. And I have a feeling Softbank will be happy to help pay to finish Network Vision 1.0 and 2.0 Masayoshi Son wants to be one of the big players in the wireless industry over here. I wouldn't be surprised if he has plans for more acquisitions here (T-mobile) and abroad. He is a very ambitious man it seems.