Satellite TV provider Dish Network has submitted an informal $25.5 billion bid for Sprint Nextel, upping a previous offer from Japanese telecommunications company SoftBank. Dish has offered Sprint shareholders $4.76 in cash and roughly $2.24 in stock that would be financed through $17.3 billion in cash and debt financing. SoftBank offered $20.1 billion in October 2012. Sprint—the third-biggest US cellular provider with 56 million subscribers—has yet to comment on the Dish proposal. Sprint is currently the No. 3 cellphone service provider in the United States with 56 million subscribers nationwide. (ZDNet)(CNNMoney)(The New York Times)(Dish)
Tuesday, May 7, 2013
Dish Network Bids $25.5 Billion for Sprint
