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.
SoftBank plans to complete Sprint merger by July, despite offer from Dish
Published Apr 16th, 2013 6:35PM EDT
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Dan joins the BGR team as the Android Editor, covering all things relating to Google’s premiere operating system. His work has appeared on Fox News, Fox Business and Yahoo News, among other publications. When he isn’t testing the latest devices or apps, he can be found enjoying the sights and sounds of New York City.
