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April 15, 2013 11:12 am

Dish Network bids $25.5 billion for Sprint, goes head-to-head with Softbank

Dish Network bids $255 billion for Sprint, goes headtohead with Softbank

In the battle for Sprint's heart, Dish Network always seemed to be stuck in the "friend zone". That's not the case anymore, however, now that Dish has quietly lobbed an informal $25.5 billion offer to purchase the carrier. The Wall Street Journal is reporting that after Dish was knocked-back in its attempts to buy Clearwire, the satellite TV company scrounged together the cash to beat Softbank's multi billion dollar deal. If the bid is made formal, then Sprint's board will have to decide if Softbank's massive size and buckets of cash can be trumped by Dish's spectrum reserves, pay-TV business and ability to skip commercials in a breeze.

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Via: The Wall Street Journal

Source: Dish


Original Link: http://www.engadget.com/2013/04/15/dish-bids-for-sprint/

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Engadget

Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WI

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