Dish Network Offering to Buy Sprint in $25.5 Billion Deal

A man using a cell phone walks past T-Mobile and Sprint stores, Tuesday, April 27, 2010 in New York. Sprint Nextel Corp. releases quarterly results Wednesday. (AP Photo/Mark Lennihan)
Mark Lennihan, AP

NEW YORK (AP) - Dish Network is offering to buy Sprint Nextel Corp. in a cash-and-stock deal it values at $25.5 billion, saying its bid is superior to that of Japanese phone company SoftBank.

Sprint's stock jumped in premarket trading Monday.

Dish, an Englewood, Colo. satellite television company, said that its transaction includes $17.3 billion in cash and $8.2 billion in stock.

Sprint stockholders would receive $7 per share, which is a 13 percent premium to its Friday closing price of $6.22. This includes $4.76 per share in cash and 0.05953 Dish shares per Sprint share.

Softbank is seeking approval from U.S. authorities for its $20 billion purchase of a 70 percent stake in Sprint Nextel Corp. that would be Japan's biggest foreign acquisition ever.

Dish Network Corp. said that its offer is a 13 percent premium to the existing SoftBank proposal.


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17 Comments

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mdelectrical2

Noty happy with sprint ,My direct connect app is useless compared to the old direct connect from nextell,I amm thinking about buying out of contract for another supplier.

April 16 2013 at 12:01 PM Report abuse rate up rate down Reply
M.L. Redd

They need to improve their own product before they buy another screwed up product.

April 16 2013 at 1:44 AM Report abuse rate up rate down Reply
powermetal2000

Oh goodie, one of the worst companies in America is going to buy one of the worst cell phone carries in America. It's a match made in customer service hell.

April 15 2013 at 11:37 PM Report abuse rate up rate down Reply
Lunar6565

The NASCAR Dish Network Cup just doesn't have a good ring to it.

April 15 2013 at 9:32 PM Report abuse rate up rate down Reply
bob08nv39

dish will realy screw things up

April 15 2013 at 8:14 PM Report abuse rate up rate down Reply
Tim

I paid to get out of my sprint contract about 5 years ago and I had Dish for one year and it was worse than no tv at all.......so I'd say they deserve each other.

April 15 2013 at 7:36 PM Report abuse rate up rate down Reply
Jim

Hope it goes thru. That way both dish network and sprint will go the way of the Dodo bird.

April 15 2013 at 7:28 PM Report abuse rate up rate down Reply
PATRICK

will they have a channel sprint ?

April 15 2013 at 6:41 PM Report abuse rate up rate down Reply
hsstempe

watch my 800 line go to cox.

April 15 2013 at 5:54 PM Report abuse rate up rate down Reply
jim guynup

I am on a Consumer volunteer on our local TV station where we take compliants from listeners on consumer issues. Dish has the best record in resolving any problem or issue. Far oppposite from Direct or any other TV vendor. There quality of product is very impressive.

April 15 2013 at 1:49 PM Report abuse rate up rate down Reply