Today's Hard|Forum Post
Today's Hard|Forum Post

Saturday May 25, 2013

Dish Secures $9 Billion Financing for Sprint Bid

Dish Network has regrouped and put together a new consortium of financial backers to pursue the purchase of Sprint Nextel Corp. The offer to purchase Sprint is reported to be worth $25.5 Billion. Dish is competing with Japan’s Softbank Corp. who put in a bid to purchase a major portion of Sprint last October.

The Sprint acquisition, should it go through, is expected to generate positive synergies for both the companies in terms of countering stiff competition from market leaders like AT&T Inc. (T) and Verizon Communication Inc. (VZ), which dominate nearly 35% of the U.S. market.