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.
Softbank is confident their purchase of Sprint will close in July
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 increases offer for Sprint to $21.6 billion
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?
Softbank is considering a bid for T-Mobile if its Sprint offer 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.
SoftBank still hopes to takeover Sprint, if it fails they will still gain nearly $4 billion
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 says he has already patented translation tech in Google Glass