Dish no longer in the running for Sprint

Dish no longer in the running for Sprint
According to Bloomberg, Sprint has broken off talks with the Dish Network, who had bid $25.5 billion for full control of the company.

Among the issues was the size of a breakup fee that is awarded if the deal falls apart. Sprint allegedly wanted $3 billion while Dish would not budge past $1 billion.

Japanese carrier SoftBank now seems to have smooth sailing towards the acquisition, following their approval from the US Justice Department and a recent increase in their bid. The company just upped their deal by 7.5 percent, to $21.6 billion.

A vote is scheduled for June 25th for shareholders, and the deal is expected to close by the end of July if approved.

Dish may now take a stab at the U.S.' fourth largest carrier, T-Mobile USA.

Written by: Andre Yoskowitz @ 11 Jun 2013 19:41
Sprint Dish Network softbank
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  • 1 comment
  • jemaric

    T mobile would be a better acquisition for them

    12.6.2013 18:23 #1

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