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Softbank Claims Its Deal Is Best, Won't Offer Sprint More

Apr 30, 2013, 7:09 AM by Eric M. Zeman

Softbank CEO Masayoshi Son said he believes Softbank's offer to purchase a 70% equity stake in Sprint is a better deal for Sprint than Dish Networks' take-over offer. "Some people ask me, Will SoftBank be increasing the price for the offer? Why should we? We are already providing a better deal than the Dish proposal," said Son while discussing the company's quarterly results. "Dish's offer includes statements that are misleading. It doesn't compare apples to apples. We can offer Sprint far more in terms of financing and expertise." Softbank proposed to buy into Sprint for $20 billion last October. Dish Networks announced its own acquisition offer of $25.5 billion on April 15. Sprint's shareholders are expected to vote on the Softbank deal June 12, but Sprint has formed a Special Action Committee to explore Dish's offer. The original Softbank deal is still undergoing regulatory scrutiny.

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johnhr2

Apr 30, 2013, 7:50 AM

Softbank is the better deal.

Softbank is a better deal because:
Per percentage being bought Softbank equals out to a rough $285,714.29 per percentage while Dish equals to 255,000 per percentage.
Softbank has cell phone carrier experience plus might get some Japan phones to compete against other carriers (butterfly J comes to mind)
Dish in my experience has never been reliable, nor gave us a easy setup (if we wanted to rearrange the house) compare to Direct Tv or our local cable company
Plus this could help Sprint and Softbank both become small international carriers (here's to hoping international roaming will become cheaper)

FIN

Absolutely agree! Sprint needs to decline the Dish network deal soon, and get back to finishing the softbank deal.

...

CoolCSI

If Sprint goes to Dish, Dish will remove Sprint name within 6 months.

SoftBank will allow Sprint too keep its name.

...

justcallitanight

With that said, share holders will end up with more shares of Dish than they would in New Sprint with the Softbank deal, I'm kinda pulling for Dish.

Full take over and rebrand, not Sprint with a rich uncle.

ElTriste

Apr 30, 2013, 3:26 PM

Poop or get off the pot

At this point, sprint is losing credibility by the second. If someone doesn't make a move, and sprint update it's archaic towers and get out of the basement as far as data speed is concerned, they might as well let sprint go dead in the water, because they won't be worth much as a Wireless company. Those who know me know I've had ALOT of sprint loyalty, but right now!? I'm about ready to jump ship.

Haggard

It sounds like they love to make mistakes.

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