Dish Network makes $25.5-billion bid for Sprint

[DonViejo]

By Joe Flint
April 15, 2013, 6:16 a.m.
Satellite broadcaster Dish Network Corp. has made a $25.5-billion bid for Sprint Nextel Corp.

If consummated, the deal would combine one of the nation's biggest pay-TV providers with the third-largest wireless communications company.

The unsolicited Dish offer, which was announced Monday morning, is aimed at derailing Sprint's plans to merge with Japan's SoftBank Corp, a proposed deal valued at $20 billion. The Dish offer is made up of $17.3 billion in cash and $8.2 billion in Dish stock.

"A transformative DISH/Sprint merger will create the only company that can offer customers a convenient, fully-integrated, nationwide bundle of in- and out-of-home video, broadband and voice services," Dish Chairman Charlie Ergen said in a statement.

Dish said its offer -- valued at $7 per share -- is a "superior alternative" to the SoftBank proposal.

more
http://www.latimes.com/entertainment/envelope/cotown/la-et-ct-dish-sprint-20130415,0,2703093.story

[Armstead]

1. Oh for Christ sake...Will this one sail through too?

[markiv]

2. hard to believe, but they actually did it

they found a company worse than Sprint, to take over Sprint

[snooper2]

3. hmm, wonder what their plans are for TerreStar they bought..

have to call some buddies over there and see what the scoop is-

Haven't heard anything as of late, they were still running business as usual