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.
In a rather bold move, Sprint has sued Dish Network to stop the satellite TV provider from purchasing a controlling interest in Clearwire. Though the offer Dish put on the table was recommended by the Clearwire board to their shareholders, Sprint is claiming it violates shareholders’ rights under the Clearwire charter.
Clearwire is the winner in this scenario, as they’re in the best position to dictate terms. Just as it was before, the Dish offer is the best on the table. This time, they’ve gone ahead and accepted it, rather than take payment from Sprint.
Not all Android smartphones are created equal. And yet most of the very best models that have ever come out have one common ingredient: the stock Android operating system. Here, we list the best ones yet. Can you think of some more?
Samsung Galaxy S3 equipped with 4G LTE now available through Virgin Mobile
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