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.
Sprint sets up special committee to evaluate Dish offer
![Sprint Sprint has reportedly set up a special committee to evaluate Dish's offer](https://bgr.com/wp-content/uploads/2012/04/sprint-sign110831171754.jpeg?quality=82&strip=all&w=652&h=489&crop=1)
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