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

Article Comments  11  

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

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.

more info at Wall Street Journal »
more info at Softbank »



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Subject Author Date
Softbank is the better deal. johnhr2 Apr 30, 2013, 7:50 AM
Poop or get off the pot ElTriste Apr 30, 2013, 3:26 PM
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