SoftBank Gives OK To Sprint To Explore Dish Offer

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SoftBank Gives OK To Sprint To Explore Dish Offer
By Sprint Nextel [Public domain], via Wikimedia Commons

Sprint Nextel Corporation (NYSE:S) on Monday said Softbank Corp (TYO:9984) (PINK:SFTBF) gave a waiver for Sprint to seek more information from rival suitor DISH Network Corp. (NASDAQ:DISH).

SoftBank Gives OK To Sprint To Explore Dish Offer

Two weeks ago, Dish sent shock waves to the markets with a counter-offer of $25.5 billion cash and stock for Sprint. DISH Network Corp. (NASDAQ:DISH) claimed its sweetened offer was superior to the $20.1 billion deal struck between Softbank Corp (TYO:9984) (PINK:SFTBF) and Sprint Nextel Corporation (NYSE:S) last October. Overland Park, Kan.-based Sprint has agreed to sell 70 percent of itself to Japan’s SoftBank Corp for $20.1 billion.

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