If Sprint was hoping that Dish’s merger offer would get rival suitor SoftBank to up its bid, it may come away disappointed. An unnamed SoftBank executive tells Bloomberg that the company has no plans to sweeten its offer and instead “will focus on its existing plans” for acquiring the company. As it stands now SoftBank’s $20.1 billion offer is significantly less than the $25.5 billion offer that Dish proposed earlier this week. Sprint has formed a special committee to take a look at Dish’s offer and Dish has asked the Federal Communications Commission to hold off on approving the proposed SoftBank merger until Sprint executives have had the opportunity to evaluate the competing offer.
SoftBank has no plans to sweeten Sprint bid
Published Apr 19th, 2013 11:15AM EDT
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Brad Reed has written about technology for over eight years at BGR.com and Network World. Prior to that, he wrote freelance stories for political publications such as AlterNet and the American Prospect. He has a Master's Degree in Business and Economics Journalism from Boston University.
