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: Samsung removes logo on smartphones in Japan

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

Taiwan factory workers win $18 mn over cancer deaths

21 hours ago

Workers from a factory in Taiwan which leeched toxic chemicals they say resulted in 200 deaths from cancer and more than 1,000 other cases of the disease won a Tw$564.45 million ($18 million) payout from US electronics company ...

Court monitor: Apple antitrust cooperation has 'declined'

Apr 17, 2015

Apple Inc.'s cooperation with efforts to improve its compliance with antitrust laws after a federal judge concluded it colluded with electronic book publishers to raise prices five years ago took on an "adversarial tone" ...

SEC questions LA Unified on use of bonds for iPad project

Apr 17, 2015

The Securities and Exchange Commission recently questioned Los Angeles Unified School District officials as part of informal inquiry into whether they properly used bond funds for a beleaguered $1.3 billion project to provide ...

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.