Dish Network to FCC: Pause the Sprint-Softbank merger review
Dish Network has asked the U.S. Federal Communications Commission to pause its review of Softbank's proposed $20.1 billion acquisition of Sprint.
When Japanese carrier Softbank acquired a 70 percent stake in Sprint in October, it provided Sprint with the cash to acquire the Clearwire shares it didn't already own. Sprint has been floundering in the cellular market for some time, and made the Clearwire bid to acquire greater spectrum and more customers.
Sprint offered to buy remaining Clearwire shares for $2.90 apiece. Softbank then capped the bid at $2.97 per share and wouldn't … Read more