Softbank confident of Sprint deal, despite Dish's $25B bid
Calling Dish Network's rival bid for Sprint Nextel "highly conditional," Softbank said tonight it is going ahead with its merger proposal for the troubled carrier and expects to close the deal this summer.
The satellite TV provider submitted a merger proposal this morning valued at $25.5 billion, a 13 percent premium over the Japanese wireless carrier's merger proposal, which offered $20.1 billion for a controlling stake in Sprint.
"Softbank believes that the agreed terms of our transaction with Sprint offer Sprint shareholders superior short- and long-term benefits to Dish's highly conditional preliminary … Read more