A report from Asian publication, Nikkei, that claims that a deal is officially in place and just the final details need to be ironed out.
This takes things a step closer to a newly formed company, with only the FTC needed to approve the deal. For shareholders, the deal gives them $7.65/share, or they can convert their shares 1:1 into the newly formed company.
For Sprint and Softbank, the good news abounds. Softbank stock is up in anticipation of the deal, and Sprint will gain much needed capital and support to update their network.
The focus now shifts to Clearwire, where Dish has a new set of headaches. Sprint’s deal with Softbank hinges, in part, on Sprint’s ability to acquire the remaining half of Clearwire it didn’t already own.
Softbank has increased their offer for Sprint to $21.6 billion, up from just over $20 billion, and restructured it to give them a larger stake. The new offer is for $16.6 billion in cash, and $5 billion invested into the new company. Is more money to shareholders, and less invested into the new company, a good idea?
In the face of a strong $25 billion counterbid from Disk Network, Softbank is reportedly considering a bid for T-Mobile if its $21 billion offer for Sprint falls through.
Imagine a handset that packs a big display and fast processor, yet still offers enough power efficiency to make it through two days of use. That’s exactly what the newly announced Sharp AQUOS Phone 206SH sets out to accomplish.
Yesterday Dish Network threw a pretty big wrench into Softbank’s plans to takeover Sprint, offering up its own bid of $25.5 billion. Despite Dish’s proposal, Softbank still expects to complete the deal with Sprint on July 1st.
DISH Network has long been a shark, circling the school of Mobile carrier fish. They made an attempt to wrestle Clearwire from Sprint long ago, and were famously flirting with Google regarding a network of some sort. DISH has an angle here… and it’s a good one. They want to bundle everything we want, together, making themselves the go-to provider for… anything, really.
SoftBank CEO Masayoshi Son says he has patented augmented-reality translation long before Google launched Glass.