Dish may be courting Sprint with $25B in cash and stock, but Softbank still believes that it will win the hand of the US carrier in the long run. According to a report in AllThingsD, Softbank released a statement that confirms it intends to acquire a majority interest in Sprint by July 2013. SoftBank believes that the agreed terms of our transaction with Sprint offer Sprint shareholders superior short and long term benefits to Dish’s highly conditional preliminary proposal. The SoftBank-Sprint transaction is in the advanced stages of receiving the necessary approvals, and we expect to consummate the transaction on July 1, 2013. Softbank announced in October of last year that it submitted an offer to buy a 70 percent stake in Sprint for $20.1 billion. Dish’s recent counteroffer of $25B was unsolicited and caused Sprint’s stock to jump 17.8 percent on Monday. Sprint said it would evaluate the Dish proposal, but declined requests for further comment on the Softbank deal. [Via AllThingsD] Softbank confirms it intends to close Sprint deal by July 2013 originally appeared on IntoMobile.com on 2013-04-16T19:40:05Z. FV1gMYsz9b5j

Continued: 

Softbank confirms it intends to close Sprint deal by July 2013

Be Sociable, Share!
You may also like...
Comments
There are no comments just yet, why not be the first?
Leave a Comment

*
To prove you're a person (not a spam script), type the security word shown in the picture. Click on the picture to hear an audio file of the word.
Click to hear an audio file of the anti-spam word

Comments with links to other websites might be deleted. Links will be automatically removed from comments anyhow, do not waste your time adding any kind of links in your comment.
Add your picture!
Join Gravatar and upload your avatar. C'mon, it's free!

*
To prove you're a person (not a spam script), type the security word shown in the picture. Click on the picture to hear an audio file of the word.
Click to hear an audio file of the anti-spam word