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Dish Asks FCC to Delay Sprint-Softbank Review

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Apr 19, 2013, 8:47 AM   by Eric M. Zeman

Dish Networks has filed paperwork with the Federal Communications Commission asking the agency to defer taking any action with respect to Softbank's bid to acquire a 70% equity stake in Sprint. Dish made a surprise $25.5 billion bid for Sprint on April 15. "Because Dish's merger proposal is currently before the Sprint board of directors, the question of which transaction the commission ultimately should be deciding is unsettled," said Dish in the filing. Sprint has formed an internal committee to evaluate Dish's offer, which comes in at a premium over Softbank's $20 billion bid. Softbank founder and CEO Masayoshi Son said earlier this week he is confident that his deal with Sprint will close by July. At least one major Sprint shareholder said that it prefers the Dish offer to Softbank's. Sprint has not indicated when it will make a decision on the matter.

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Apr 19, 2013, 11:13 AM


Dish is trying to pull a fast one. Investors like the Dish offer since it is $25.5 billion instead of $20 billion... Starting to get interesting. I dont know much about Softbank, but reading from other previous post Dish sounds like a bad thing for Sprint.
Atleast another major us carrier is not buying them out and not a foreign investor (unless dish is owned by someone foreign ) I mean if they screw themselves in the end there is always us cellular that could run the business much better than sprint. T...
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