Lifebuoy
Business viewpoints from the editors at Hoover's
Patrice Sarath is a writer and editor for First Research, covering the health care, insurance, and construction industries. Follow her on Twitter.
May 21, 2013
Sprint Nextel, the third-largest US wireless carrier, has agreed to enter into negotiations with DISH Network about DISH’s $25.5 billion bid for the wireless carrier. Discussions with DISH could put a damper on a previously announced acquisition of 70% of Sprint Nextel by SOFTBANK – worth some $20.1 billion. That deal was expected to occur in mid-2013. While Sprint has the right to terminate SOFTBANK’s takeover for a superior offer, its board hasn’t made a decision on DISH’s bid and continues to back SOFTBANK’s proposal.
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