Dish abandons Sprint bid, clearing way for SoftBank | Bangkok Post: news

News > World

Dish abandons Sprint bid, clearing way for SoftBank

- +

US satellite television provider Dish Network said on Tuesday it has dropped plans to submit a revised bid for Sprint Nextel, paving the way for a rival offer from Japan's SoftBank. 

A pedestrian walks by a Sprint Nextel store on April 15, 2013 in San Francisco, California. US satellite television provider Dish Network said it has dropped plans to submit a revised bid for Sprint Nextel, paving the way for a rival offer from Japan's SoftBank

Dish said it still saw "strategic value" in a merger with Sprint but that it would not submit a revised offer by Tuesday's deadline owing to Sprint's decision to terminate due diligence and accept a SoftBank offer.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments