Softbank Increases Offer To $21.6B For Sprint Merger

Both Dish and SoftBank are engaged in a battle royale, and may the one with the deepest pockets (and best negotiators, too) win, in their respective efforts to merge with Sprint. In fact, the folks over at SoftBank has upped the ante by raising their previous offer by a whopping $1.5 billion, and this would bring the total offer all the way up to $21.6 billion.

According to SoftBank, the amended merger agreement ought to offer shareholders a greater value, where among them include greater cash consideration as well as increased certainty. The new agreement by SoftBank would also see them offer up an extra $4.5 billion of cash to Sprint stockholders at closing, where this would bring the total cash consideration that is available to Sprint stockholders to a whopping $16.64 billion. This is also a strategic move, since it would give an allowance to SoftBank for a higher stake in Sprint, which would touch the 78% mark, up by 7 percentage points. Who do you think will emerge as the winner in the merger battle?

Edwin Kee
Categories: Cellphones
Tags: softbank, Sprint