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Softbank says Dish offer for Sprint "illusory"

2013-04-30 19:51:12| IT Services - Topix.net

The CEO of Softbank, the Japanese cellphone carrier trying to buy a majority ownership in Sprint, said Tuesday that a competing bid from Dish is based on "incomplete and illusory" numbers.

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SoftBank CEO bashes Dish's Sprint offer, says his is superior

2013-04-30 14:53:25| CNET News.com

The Dish offer is "incomplete and illusory," says the SoftBank CEO, adding that he doesn't see a need to raise his offer. [Read more]    

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Japan's SoftBank to brief on Sprint deal, gets Intel CEO's support

2013-04-30 08:43:41| Wireless - Topix.net

Japan's SoftBank Corp will hold a news conference on Tuesday about its deal to acquire 70 percent of U.S. wireless carrier Sprint Nextel Corp as investors seek clues on whether it might trump a counteroffer from Dish Network Corp.

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Softbank won't raise bid for Sprint

2013-04-30 02:00:00| Total Telecom industry news

Japanese operator claims rival Dish bid is 'misleading' to shareholders; posts 7.8% decline in net profit.

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Softbank allows Sprint talks with Dish

2013-04-29 15:57:00| Telecompaper Headlines

(Telecompaper) Sprint Nextel announced that it received from Softbank a waiver of various provisions of their merger agreement that will allow Sprint to consider a rival offer from Dish Network. A Special Committee of the Sprint board will enter into a non-disclosure agreement and discussions with Dish for the purpose of clarifying and obtaining further information from Dish on its takeover proposal made on 15 April. The Softbank waiver does not permit Sprint to provide non-public information to Dish nor does it enable Sprint to enter into negotiations with Dish. Sprint said it does not intend to make any further comment on the work of the Special Committee until it completes an assessment of the Dish proposal. SoftBank confirmed the waiver agreement and said it remains confident that it's offer will prove superior to Dish's proposal. Dish said it has provided information to Sprint's Special Committee in response to their information requests and will continue to provide additional information.

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