Dish Reportedly Interested In Sprint As Well, Makes Counter-Offer Of Their Own
As you guys have heard, Japanese carrier Softbank is currently in the process of purchasing a 70% stake in one of the four major US carriers, Sprint. While the deal has yet to be concluded and approved by all the regulatory bodies involved, word on the street has it that US satellite television company, Dish, might want a piece of Sprint as well and has made a counter-offer of their own. According to the Financial Times, Dish has reportedly offered Sprint’s shareholders $7 in cash, which is higher than $4.03 which is what Softbank is offering, and is also claiming that their offer of cash plus shares is worth 13% more than what Softbank is proposing, ultimately making their offer worth $25.5 billion. Assuming that the bid is formalized, we guess it’s back to Sprint’s board of directors to decide if Softbank will be willing to match Dish’s offer, and if the other advantages associated with Dish will outweigh that of Softbank.
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