Softbank Claims Its Deal Is Best, Won't Offer Sprint More
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.
SoftBank Invests Another $73 Million in Sprint
SoftBank has purchased yet more shares of Sprint stock, boosting its stake in the company to just over 80%. SoftBank shelled out $73 million for about 16.8 million shares.
SoftBank Sinks More Money Into Sprint
SoftBank has been snapping up shares of Sprint, increasing its stake recently by as much as $87 million. Despite SoftBank CEO Masayoshi Son's misgivings about the overall acquisition of Sprint, SoftBank said it "is enthusiastic about Sprint's prospects.
SoftBank to Trim Thousands of Jobs at Sprint
Masayoshi Son, CEO of SoftBank, said the company plans to eliminate thousands of jobs at Sprint in order to reduce costs and aid in the company's turn-around plans. Son made the comments while discussing SoftBank's financial performance, which was impacted negatively by Sprint.
Japan's SoftBank to Buy UK's ARM for $32 Billion
SoftBank today announced plans to buy ARM Holdings for $32 billion. SoftBank runs one of Japan's largest wireless networks and is the parent company of Sprint in the U.S., while ARM designs and licenses the Cortex-branded mobile processors often found in today's smartphones and tablets.
Softbank is the better deal.
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)
SoftBank will allow Sprint too keep its name.
Full take over and rebrand, not Sprint with a rich uncle.
Poop or get off the pot