According to Bloomberg, Sprint has broken off talks with the Dish Network, who had bid $25.5 billion for full control of the company.
Among the issues was the size of a breakup fee that is awarded if the deal falls apart. Sprint allegedly wanted $3 billion while Dish would not budge past $1 billion.
Japanese carrier SoftBank now seems to have smooth sailing towards the acquisition, following their approval from the US Justice Department and a recent increase in their bid. The company just upped their deal by 7.5 percent, to $21.6 billion.
A vote is scheduled for June 25th for shareholders, and the deal is expected to close by the end of July if approved.
Dish may now take a stab at the U.S.' fourth largest carrier, T-Mobile USA.
Japanese carrier SoftBank now seems to have smooth sailing towards the acquisition, following their approval from the US Justice Department and a recent increase in their bid. The company just upped their deal by 7.5 percent, to $21.6 billion.
A vote is scheduled for June 25th for shareholders, and the deal is expected to close by the end of July if approved.
Dish may now take a stab at the U.S.' fourth largest carrier, T-Mobile USA.
BREAKING: Sprint says special committee has now terminated talks with Dish $S
-- Bloomberg TV(@BloombergTV) June 11, 2013
