DISH Network Abandons Its Bid For Sprint

Mani

Published onJune 19, 2013

Updated on May 13, 2021

DISH Network Corp (NASDAQ:DISH) dropped out of the bidding to buy mobile phone carrier Sprint Nextel Corporation (NYSE:S), paving the way for Sprint Nextel Corporation (NYSE:S)’s acquisition by SoftBank Corp (PINK:SFTBF) (TYO:9984).

The Douglas Country-based satellite TV company, DISH Network Corp (NASDAQ:DISH), didn’t submit a new offer for Sprint Nextel Corporation (NYSE:S) by the Tuesday deadline. Late Tuesday, the satellite TV company said it was “impracticable” to meet the deadline.

SoftBank’s $25.5 Billion Offer

Last week, SoftBank Corp (PINK:SFTBF) (TYO:9984) agreed to enhance its offer...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

DISH Network Abandons Its Bid For Sprint

SoftBank’s $25.5 Billion Offer

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