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A woman walks past a Sprint store in New York's financial district in this file photo taken October 15, 2012. Dish Network Corp, the No. 2 U.S. satellite television provider, offered to buy Sprint Nextel Corp for $25.5 billion in cash and stock, a move that could thwart the proposed acquisition of Sprint by Japan's SoftBank Corp.
A woman walks past a Sprint store in New York's financial district in this file photo taken October 15, 2012. Dish Network Corp, the No. 2 U.S. satellite television provider, offered to buy Sprint Nextel Corp for $25.5 billion in cash and stock, a move that could thwart the proposed acquisition of Sprint by Japan's SoftBank Corp.
(Brendan McDermid/Reuters)

FINANCIAL TIMES

With Sprint offer, Dish puts squeeze on SoftBank

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Is that all you got, Masa? Sprint Nextel Corp. shareholders are happily situated between two eager bidders. Satellite TV provider Dish Network has made them a cash-and-stock offer of $7 (U.S.) per share. This is about 13 per cent higher than the offer from Masayoshi Son’s SoftBank, made back in October. Mr. Son is committed to the U.S. market and has already sunk capital in Sprint in the form of a $3.1-billion convertible bond. He is likely to make another offer.