Sprint may remain US-owned as Dish makes counter-offer
The FT reports that US satellite TV company Dish has made a counter-offer to the take-over bid launched last year by Japanese telecoms giant Softbank.
Dish is offering shareholders $7 in cash (versus $4.03 in Softbank’s offer), and claims that the overall offer of cash plus shares is worth 13% more than the proposed Softbank deal.
Update: AllThingsD is reporting that Softbank expects to complete the deal despite the rival bid, with Reuters suggesting that Softbank is unlikely to walk away even if forced to increase its bid.
