Sprint to listen to Dish offer

May 21, 2013

Wireless company Sprint Nextel Corp. says it can now let Dish Network Corp. see its books and talk with Dish to see whether its competing offer to buy Sprint is better than its current deal with Japan's SoftBank.

Sprint said late Monday that SoftBank had waived provisions of its deal with Sprint that will allow Sprint to talk with Dish.

SoftBank currently has a $20.1 billion deal with Sprint to buy 70 percent of the company. Dish last month offered $25.5 billion for the whole company.

Softbank says it brings expertise and cash to Sprint. It says it still wants to close its deal by July 1.

Many Wall Street analysts view Dish's bid as superior but risky, as it will result in a combined company with high debt.

Explore further: Hewlett-Packard moves forward with plan to split in two

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. ...

Recommended for you

Hewlett-Packard moves forward with plan to split in two

6 hours ago

Hewlett-Packard is moving forward with plans to split into two companies, filing paperwork to create a new entity that will sell commercial technology, while a separate spinoff will sell personal computers and printers.

Global pharma firms grilled about tax in Australia

22 hours ago

The world's top pharmaceutical companies Wednesday told an Australian parliamentary hearing they were compliant with local and international laws, despite claims they are charging higher prices to minimise tax.

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.