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US: SoftBank one step closer to beating Dish for Sprint

By  |  May 29, 2013

With approval from the Committee on Foreign Investment in the United States, SoftBank has just taken one large step closer to owning Sprint as Japan-based Dish Network continues to fight for the wireless carrier. With the CFIUS’s approval, the two have no more national security issues to resolve. SoftBank has put forth a $20.1 offer for Sprint and the two now expect the Federal Communications Commission to complete its review of the merger. The notice may not be welcomed by Dish Network, which is hoping to enter the US wireless market through the Sprint buyout.

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