{"id":652358,"date":"2013-04-15T07:03:25","date_gmt":"2013-04-15T11:03:25","guid":{"rendered":"http:\/\/gigaom.com\/?p=631030"},"modified":"2013-04-15T07:03:25","modified_gmt":"2013-04-15T11:03:25","slug":"dish-wants-to-buy-sprint-for-25-5-billion","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/652358","title":{"rendered":"DISH wants to buy Sprint for $25.5 billion"},"content":{"rendered":"

DISH Network, the satellite pay-tv company has decided it wants to buy Sprint Corp and has offered $25.5 billion for the beleaguered third placed wireless carrier. They are offering $7 a share, or about $4.76 a share in cash and about $2.24 in DISH stock. That’s 13 percent or about $5.4 billion higher than the $20.1 billion offered by Softbank of Japan.<\/p>\n

The cash component of DISH’s proposal is an 18% premium over the $4.03 per share implied by the SoftBank proposal while the equity portion represents approximately 32% ownership in the combined DISH\/Sprint versus SoftBank’s proposal of a 30% interest in just Sprint, DISH claimed \u00a0in a press release<\/a>.\u00a0DISH CEO and chairman Charlie Ergen said:<\/p>\n

\n

“The DISH proposal clearly presents Sprint shareholders with a superior alternative to the pending SoftBank proposal. Sprint shareholders will benefit from a higher price with more cash while also creating the opportunity to participate more meaningfully in a combined DISH\/Sprint with a significantly-enhanced strategic position and substantial synergies that are not attainable through the pending SoftBank proposal.”<\/p>\n<\/blockquote>\n

\"hollywood_reporter_13_charlie_ergen\"<\/a>DISH is trying for a complete makeover from its slow growing Pay-TV business and\u00a0has been acquiring spectrum to build a nationwide LTE network<\/a>, though from the looks of it, it will take it a long time to actually roll out the network.\u00a0It recently asked FCC for a four year extension<\/a>\u00a0to build out its network.<\/p>\n

PS: A full analysis of the news to follow. In the interim here is the DISH website where they outline the entire proposal and have explained their bid in \u00a0detail<\/a>.<\/p>\n

\"\"<\/p>\n

<\/a><\/p>\n

Related research and analysis from GigaOM Pro:<\/strong>
Subscriber content. Sign up for a free trial<\/a>.<\/p>\n