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Dish no longer in the running for Sprint

Written by Andre Yoskowitz @ 11 Jun 2013 7:41 User comments (1)

Dish no longer in the running for Sprint

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.

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1 user comment

112.6.2013 18:23

T mobile would be a better acquisition for them

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