Breaking News: Dish makes $25.5B bid for Sprint

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Subject:Breaking News: Dish makes $25.5B bid for Sprint
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April 15, 2013 Sign up for free: Subscribe | Website | Jobs | Mobile Refer FierceWireless to a Colleague Dish makes $25.5B offer to buy Sprint, countering Softbank There is finally an answer to what Charlie Ergen and Dish Network intend to do with the company's $10 billion cash pile: buy Sprint Nextel. Dish has made an offer worth $25.5 billion to buy 68 percent of Sprint, countering Japanese operator Softbank's $20.1 billion deal to buy 70 percent of Sprint. Under Dish's proposed offer, Sprint shareholders would receive $7 a share, consisting of $4.76 in cash and stock representing about 32 percent of the combined company, versus 30 percent under the Softbank deal, according to Dish. That equates to $17.3 billion cash and $8.2 billion stock, according to Bloomberg. Dish said the total offer represents a 13 percent premium on the Softbank deal, which Sprint and Softbank announced in October. Sprint spokesman Scott Sloat declined to comment. Click here for full coverage.

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