Although Dish Network is not interested in entering an bidding war for potential suitors, the satellite television company is primed and ready to snag T-Mobile if the Sprint merger falls apart this summer. Bloomberg reports that Dish has been eyeing both DirecTV and T-Mobile in recent months, but as DirecTV shares have risen amid talk of an AT&T acquisition, the rival provider has become too expensive to chase. More →
Every company in the market wants to provide its own online TV streaming service, but Dish might be the first to give consumers a real offer. Bloomberg reports that Dish Network is looking to bring an Internet-TV service to the United States this summer, a set of live-streaming channels that will be accessible through connected devices such as smartphones and tablets. Disney signed onto the service last month, and A&E, Turner Broadcasting and CBS have reportedly been in talks with the provider as well. More →
It’s sad that many of us have come to dread election years since it means we’ll get bombarded with nonstop propaganda telling us to vote for a particular candidate or to vote a particular way on a given ballot initiative. Political consultants don’t think that we get enough such ads every two years, however, and that’s why they’re working on ways to make sure we see more ads that are targeted toward our specific political beliefs. More →
Pay TV service providers are among a few groups of companies that customers love to hate, and sometimes they go out of their way to remind us why. As families across the country come together to celebrate the holidays, satellite TV giants Dish Network and DirecTV are wishing them a Merry Christmas by hiking the cost of their service plans. In line with years past, both companies have confirmed that they will raise the prices of various television packages and increase service fees as well.
The increases come at a time when “cord cutting,” or canceling pay TV service in favor of online video streaming services, is becoming an increasingly common trend — to the point where cable companies are producing awful, awful anti-cord cutting campaigns as a last-ditch effort to win back lost subscribers and prevent current customers from leaving. More →
In the wake of SoftBank’s acquisition of Sprint and T-Mobile’s merger with MetroPCS, analysts believe other smaller carriers will also be takeover targets. Kevin Smithen of Macquarie Capital, per Investor’s Business Daily, upgraded Leap Wireless last week to a neutral rating from underperform on speculation that T-Mobile or Dish may be looking to acquire the carrier. The analyst noted that T-Mobile’s higher share price could be appealing for a potential stock deal, adding that Leap wouldn’t settle for anything less than $10 per share. He noted that the carrier could be pressured to sell at a lower price though, because T-Mobile will be entering more of Leap’s markets in the second half of the year. Smithen thinks this could “put further pressure on Leap’s already eroding operating business.” He also believes the carrier could be on Dish’s radar following the company’s failed acquisitions of both Sprint and Clearwire.
Efforts to acquire Sprint have been a long and arduous fiasco for SoftBank, but the Japan-based carrier moved one step closer to completing the deal on Tuesday evening. Following SoftBank’s revised offer for Sprint that would see its bid increased to $21.6 billion, Dish announced that it is abandoning the race and will not revise its current offer, which is not expected to be accepted. Dish had previously offered a total of $25.5 billion for Sprint, including $17.3 billion in cash and $8.2 billion in stock, but the SoftBank deal is seen as the more promising option. According to Reuters, Dish said it declined to revise its offer because it did not want to match the break-up fees offered in the SoftBank proposal. More →
SoftBank on Monday announced a revised offer to acquire Sprint. The company increased its bid by 7.5% from $20.1 billion to $21.6 billion in cash and stock. SoftBank notes that $4.5 billion in cash has been reallocated to give Sprint shareholders $5.50 per share, up from $4.02. The carrier was pressured to increase its bid for Sprint after Dish offered $25.5 billion to acquire the company. SoftBank’s CEO repeatedly insisted that his company’s proposal offers the best value for Sprint, however a number of influential shareholders had called for a higher offer. The company’s board of directors has approved the new offer and given Dish until June 18th to present its “best and final offer.” Sprint shareholders are scheduled to vote on the SoftBank deal in two weeks.
Dish on Wednesday increased its bid to acquire wireless broadband wholesaler Clearwire. The company is now offering $4.40 per share, a 29% premium over Sprint’s proposal, which values the firm at $6.47 billion. Sprint recently raised its offer to $3.40 per share after shareholders had criticized its original proposal of $2.97 per share. Dish, whose offer comes two days before Clearwire shareholders are scheduled to vote on Sprint’s proposal, is also locked in a battle with Japanese company SoftBank to acquire Sprint.
Japanese carrier SoftBank has granted Sprint a waiver allowing it to consider Dish’s $25.5 billion bid for the company. The waiver gives Sprint permission to disclose non-public information and engage in negotiations with Dish regarding its buyout proposal. The Sprint Board of Directors has the right to terminate the existing merger agreement with SoftBank to accept a superior offer, however it has not yet changed its recommendation. SoftBank offered to pay $20.1 billion for a 70% stake in the wireless provider last October. Sprint will conduct due diligence with Dish and make a final decision in early June when shareholders vote to approve or reject SoftBank’s offer. Sprint’s press release follows below. More →
The battle continues between two chief executives and their ambitions to acquire the third-largest wireless carrier in the United States. SoftBank CEO Masayoshi Son and Dish chairman Charlie Ergen have taken shots at one another as they continue to fight for Sprint. Son previously claimed that Dish would ruin Sprint because it had no mobile experience, while Ergen said Sprint would be better off with a U.S. company that can speak English and not a foreign one like SoftBank. More →
Just one day after SoftBank CEO Masayoshi Son attacked the Dish Network over its plan to buy U.S. wireless carrier Sprint, Dish chairman Charlie Ergen hit back by saying that Sprint would benefit by being owned by an American company and not by a foreign company such as the Japanese SoftBank. Reuters reports Ergen said that in addition to offering a higher price for Sprint, Dish would be the best choice to run Sprint because “we are an American company and the modernization of Sprint’s network will have to be done from the U.S.” More →
SoftBank chief executive Masayoshi Son has said that his company will not increase its bid for Sprint because it is already offering the better deal than Dish. Masayoshi believes that Dish Network’s competing offer for the company will delay the carrier’s turnaround and leave it riddled with debt, The Wall Street Journal reported. He noted that SoftBank has experience in the telecommunications industry, unlike Dish, which will prove useful in helping Sprint return to profitability. Dish claims that its $25.5 billion bid offers a premium over SoftBank’s proposal, however the executive said that belief is “totally wrong” and “incomplete and illusory.” More →