SoftBank plans to complete Sprint merger by July, despite offer from Dish

Softbank plans to complete Sprint merger by July, despite offer from Dish

SoftBank doesn’t appear to be worried about Dish Network’s recent bid for Sprint. The Japanese carrier said in a statement to AllThingsD that it believes its proposed merger offers a superior option to Sprint shareholders with both “short and long-term benefits to Dish’s highly conditional preliminary proposal.” Dish on Monday challenged SoftBank’s merger proposition with a bid of its own worth $25.5 billion. The proposed deal values the carrier at $7.00 per share, considerably higher than SoftBank’s offer of $4.03 per share. Despite the higher bid, SoftBank remains confident and said that it expects the transaction to be completed by July 1st.

Source:
AllThingsD
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