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Sprint sets up special committee to evaluate Dish offer

Published Apr 18th, 2013 9:55PM EDT
Sprint has reportedly set up a special committee to evaluate Dish's offer

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Sprint’s board of directors has set up a special committee to evaluate Dish Network’s proposed $25.5 billion acquisition, according to a report from The Wall Street Journal. The company is also said to be looking to hire an investment bank to help it assess the offer. Dish’s bid is a counter offer to Japanese carrier Softbank’s planned merger with the wireless company. Sprint’s decision to establish a special committee shows that it is at least considering Dish’s offer. Both deals involve cash-and-stock options, and while Sprint’s board had initially backed Softbank’s proposal, two significant Sprint shareholders recently voiced their support for Dish’s bid, further complicating the planned merger with Softbank.

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.