Softbank says Dish offer for Sprint 'illusory'

Apr 30, 2013 by Peter Svensson

The CEO of Softbank, which is trying to buy a majority ownership in Sprint, says a competing bid from Dish is based on "incomplete and illusory" numbers.

Dish Network Corp. has characterized its $25.5 billion bid for Corp. as superior to Softbank's. In a presentation Tuesday in Tokyo, . CEO Masayoshi Son said the comparison is not "apples to apples" and omits crucial factors.

Softbank agreed in October to buy 70 percent of Sprint for $20.1 billion. That deal is set to close July 1. Dish launched its competing bid for all of Sprint two weeks ago. A committee of Sprint's board is examining it.

view Dish's bid as superior. Son says Softbank's deal is worth 21 percent more than Dish's, all factors considered.

Explore further: TV-over-Internet service Aereo seeks Chapter 11 (Update)

5 /5 (1 vote)
add to favorites email to friend print save as pdf

Related Stories

Dish Network makes $5.15B bid for Clearwire

Jan 08, 2013

Wireless network operator Clearwire, which agreed to sell itself to Sprint in December, says satellite TV provider Dish Network Corp. is offering to buy the company for $3.30 per share, or $5.15 billion.

Dish Network offering to buy Sprint in $25.5B deal

Apr 16, 2013

Dish Network Corp. is trying to snag U.S. wireless carrier Sprint Nextel away from Japan's Softbank Corp., the latest sign that satellite dishes are losing their relevance in the age of cellphones that play ...

Recommended for you

Form Devices team designs Point as a house sitter

11 hours ago

A Scandinavian team "with an international outlook" and good eye for electronics, software and design aims to reach success with what they characterize as "a softer take" on home security. Their device is ...

Man pleads guilty in New York cybercrime case

14 hours ago

A California man has pleaded guilty in New York City for his role marketing malware that federal authorities say infected more than a half-million computers worldwide.

Dish restores Turner channels to lineup

23 hours ago

Turner Broadcasting channels such as Cartoon Network and CNN are back on the Dish network after being dropped from the satellite TV provider's lineup during contract talks.

LiquidPiston unveils quiet X Mini engine prototype

Nov 21, 2014

LiquidPiston has a new X Mini engine which is a small 70 cubic centimeter gasoline powered "prototype. This is a quiet, four-stroke engine with near-zero vibration. The company said it can bring improvements ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.