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Bryan M. Wolfe
| April 15, 2013
Dish Network Makes A $25.5 Billion Bid For Sprint
Sprint has another suitor and this one is closer to home. Satellite TV provider Dish Network Corp. is making a play for the No. 3 carrier in the U.S. The bid is “”an effort to derail” Sprint’s acquisition by Softbank Corp. of Japan, according to The Wall Street Journal. Dish is offering $25.5 billion for the carrier. In October, Softbank offered $20.1 billion to buy a 70 percent stake in Sprint. According to Dish Chairman Charles Ergen:
Sprint is in play. We think we’ve made an offer that’s much more compelling than the Softbank transaction.Were Dish to succeed in buying Sprint, the second largest satellite TV provider in the U.S. would be able to offer video, high-speed Internet, and voice service across the country. Sprint and Softbank have yet to comment on this news.