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Sprint Gets Permission from SoftBank to Negotiate with Dish

May 20, 2013, 8:55 PM by Eric M. Zeman

Sprint today announced that SoftBank granted it a waiver to hold further negotiations with Dish. The waiver means Sprint has permission to divulge non-public information to Dish as part of its due diligence in exploring Dish's competing offer for Sprint. The waiver also gives Sprint permission to terminate its existing merger agreement with SoftBank if it turns out there is a superior offer on the table. Sprint said that its board will explore Dish's offer in depth per its fiduciary duty to obtain the best sale price for the company. However, Sprint's board does not endorse the Dish offer, and continues to endorse SoftBank's offer. The U.S. Department of Justice has approved SoftBank's offer, and the matter will be voted on by Sprint's investors on June 12. Sprint did not say if or when it might make a decision regarding Dish's competing offer.

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This forum is closed.

gloopey1

May 21, 2013, 9:26 AM

LOL

"Sprint is so lame."

Really? Sprint has two competing offers, one from a highly rated and successful satellite provider, the other a big bank in Japan.

When will you teeny boppers finally grow up and realize Sprint isn't going bankrupt because you don't like them? Six years ago, some of the same morons were predicting their imminent demise then.

I guess that's why you guys had to change your forum ID. I would be embarrassed too for falsely prophesying doom and gloom, only to see my so-called predictions be the thing that went down in flames.

Oh well, there's always next time ye cyber soothsayers. ;)

KOL4420

LOL Softbank is a cellular service in Japan and it is extremely successful. You should try this thing called Google to do some research about the not so successful Satellite crappy service which is Dish and the highly successful cellular provider call...
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Haggard

May 20, 2013, 9:25 PM

Oh Sprint.

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adam2106

hahahha. Sprint just accept an offer already jeez. Watch this they will be like yahoo not accepting the Microsoft offer.

...

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