Department of Justice clears Softbank-Sprint merger

Department of Justice clears Softbank-Sprint merger
One more hurdle has been leapt, and the Softbank-Sprint merger is almost official. Despite the recent news that Softbank has been in talks with Deutsche Telekom to set up a backup plan to purchase T-Mobile US if the deal with Sprint went south, it looks like this deal is going to go through. The Department of Justice has cleared the Softbank-Sprint merger to continue. 

The DoJ had asked the FCC to hold off on making a decision, so the deal could be investigated, but everything is looking good. So, that means the only thing left is for the FCC to approve the merger. Of course, the competing bid from Dish could still cause problems with the deal. 

source: FCC via The Verge

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9 Comments

1. Mxyzptlk unregistered

This deal can benefit sprint greatly.

5. SkOne

Posts: 105; Member since: May 02, 2012

Yes It truly can, but let's see how it effects the customer in the long run before we make any assumptions.

2. cripton805

Posts: 1485; Member since: Mar 18, 2012

I still dont see why another company can buy another without the gov getting involved.

7. ckoch125

Posts: 193; Member since: Oct 29, 2012

because its all about lobbying and the politicians getting their pockets lined to vote a certain way. They don't want to let att/verizon have any real competition and actually be forced to change..

3. Droid_X_Doug

Posts: 5993; Member since: Dec 22, 2010

Still need for the Sprint shareholders to approve the merger. That is not a foregone conclusion.

4. PAPINYC

Posts: 2315; Member since: Jul 30, 2011

OMG, I hope the deal goes through quickly and Sprint customers can finally get service.

6. ckoch125

Posts: 193; Member since: Oct 29, 2012

If sprint was smart they would take softbanks offer. It may be a little less money but it is more overall and especially with them helping sprint pay off some debt. Not to mention they understand how to take a struggling network and get it competing with the big carriers.

8. o0Exia0o

Posts: 903; Member since: Feb 01, 2013

As I have stated before...... The best thing for Sprint would be to take the Softbank deal and forget about Dish. While Dish is offering more to buy the whole company (25 billion for 100% of Sprint), the Softbank deal is superior in the fact that they are offering to buy 70% of Sprint (20 billion for 70%) plus they are also going to infuse sprint with another 8 billion to pay down their debt (that they have had since their purchase of Nextel) and sure up their network infrastructure. So the numbers are: The Dish offer is 25 billion for 100% of Sprint or 28 billion for 70% of Sprint. Which would you choose...... If Dish wants to be a carrier so bad then they should go after T-Mo and leave Sprint/Softbank alone.

9. bfuller2006

Posts: 84; Member since: Oct 31, 2011

Ex sprint employee, now have a better job and have verizon = dont care good luck but at the end of the day sprint has a lot to work on

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