Intel CEO favors SoftBank over Dish for Sprint takeover
Intel CEO Paul Otellini is throwing his weight behind SoftBank in the bidding war for Sprint, according to Reuters.
Otellini sent a letter to Federal Communications Commission Chairman Julius Genachowski giving word that he favored SoftBank, a wireless carrier based in Japan, over Dish for the Sprint takeover offer.
Sprint has been in talks with SoftBank since last October regarding a $20.1 billion offer, but as the deal closing has neared Dish came in with a surprise counter offer of $25.5 billion. If Sprint were to accept SoftBank's bid, the deal would close by the beginning of July.… Read more