A PYMNTS Company

US: Sprint gets DISH offer confirmation in bid to beat out Softbank offer

By  |  May 6, 2013
US: Sprint gets DISH offer confirmation in bid to beat out Softbank offer

According to a press release, Sprint Nextel has received an official notification of DISH network’s intention to acquire 50 percent of Sprint stock. The move officiates a merger that has been discussed for several weeks; Sprint will now have to file with the US Department of Justice and the Federal Trade Commission to provide details of the company. Sprint established a committee last month to evaluate the proposed deal, though has yet to rule on whether DISH’s offer would beat out the company’s current agreement with Softbank Corp.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Business Wire

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.