Dish chair dares Softbank to raise bid for Sprint

May 09, 2013 by Peter Svensson

(AP)—The chairman of Dish Network, which is trying to buy Sprint, is daring Sprint's other suitor to raise its bid.

Dish's Charlie Ergen told investors and reporters Thursday that based on the benefits Japan's . says it would get from buying Corp., it should be paying a higher price.

Last week, Softbank's CEO said Dish's $25.5 billion offer for Sprint is based on "incomplete and illusory" numbers, and argued that Softbank's $20.1 billion offer for 70 percent of the company is a better value.

Ergen said Thursday that based on Softbank's presentation, it sees a lot more value in Sprint than it's paying for, and can probably increase its bid.

Explore further: Bose sues Beats over headphone patents

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

Related Stories

Dish's Ergen says Sprint debt manageable

Apr 16, 2013

Dish Network's combative chairman, Charlie Ergen, is defending his $25.5 billion bid for Sprint Nextel, saying the debt load the deal would create for the combined company will be manageable. ...

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

Report: China to declare Qualcomm a monopoly

Jul 25, 2014

(AP)—Chinese regulators have concluded Qualcomm Inc., one of the biggest makers of chips used in mobile devices, has a monopoly, a government newspaper reported Friday.

User comments : 0