DISH Makes offer to buy Sprint (Rescinded)

[GaryPen]

The problem with the Dish bid is that there is less cash up front and more stock to hold on to after the deal.

Exactly. It's like competing offers on a house. The seller will usually take the cash offer versus the financed offer, if they are relatively close. Dish would probably have to surpass Softbank's offer by quite a bit to be accepted.

And, if Dish does win, they will be leveraged up the wazoo, which does not bode well for long-term financial health.

 

[sparc]

What is telling is that the current stock price of Sprint is still right around the Softbank number.

this article seems to indicate that Dish offered $25.5 billion or about $7 per share in equivalent value: http://www.nbcnews.com/business/dish-offers-buy-sprint-25-5-billion-1C9338373

Softbank only offered $20.1 billion total which is about $6.22 per share in this article: http://news.cnet.com/8301-1035_3-57...slams-softbank-over-sprint-takeover-comments/

Sprint is currently trading at $7.33

The market basically thinks that a bidding war is about to start as soon as Dish puts together a solidly financed offer.

 

[Poke]

SoftBank gives Sprint permission to talk to Dish

Hmm maybe Dish still has a chance.

http://www.phonearena.com/news/SoftBank-gives-Sprint-permission-to-talk-to-Dish_id43233

 

[Patrick Smith]

And sprint ups it's bid for clearwire http://mobile.reuters.com/article/idUSL2N0E121720130521?irpc=43 looks like things may hear up soon


Posted from my iPhone.

 

[sparc]

Hmm maybe Dish still has a chance.

http://www.phonearena.com/news/SoftBank-gives-Sprint-permission-to-talk-to-Dish_id43233

they always had a chance...

Sprint shareholders aren't going to take 80 cents on the dollar from Softbank.....

 

[Patrick Smith]

My gut tells me SoftBank isn't going to lose. They will up the offer and win sprint over.


Posted from my iPhone.

 

[wallyhts]

I just got my proxy vote card. I'm voting no to sprint's offer for clear.

 

[Patrick Smith]

I may be wrong but it's my understanding that the vote was put on hold


Posted from my iPhone.

 

[whitewolf8214]

Imo either 1.)Dish wins it out and gets Sprint 2.) maybe all 3 will work together and also get Clearwire 3.) Dish will make Softbank pay out the arse to get Sprint 4.)Dish gets Sprint and Softbank gets Clearwire just thinking out loud

 

[Patrick Smith]

I see SoftBank taking sprint for around 26.1. Sprint getting Clearwire and SoftBank Sprint teaming up with Dish


Posted from my iPhone.

 

[whitewolf8214]

I see SoftBank taking sprint for around 26.1. Sprint getting Clearwire and SoftBank Sprint teaming up with Dish


Posted from my iPhone.

Same here that is 1 of the reason I stated above I believe will happen

 

[MikeD-C05]

I just don't see Sprint accepting DISH's bid. The industry experts seems to think the same thing. IF DISH did get a hold of Sprint , the combined company would be so leveraged in debt , I would be fearful that it would quickly lead to problems down the line .

 

[Patrick Smith]

Yeah I was just agreeing lol. I like the idea of seeing what people think will happen. It's gonna be interesting!!


Posted from my iPhone.

 

[mike123abc]

http://www.dailytech.com/Report+DIS...d+for+LightSquareds+Spectrum/article31591.htm

http://www.bloomberg.com/news/2013-...llion-for-lightsquared-wireless-spectrum.html

Charlie bidding a cool 2 billion on Light Squared spectrum.

 

[Teehar]

Charlie is starting to remind me of an old Queen song....I want it all,I want it all,and I want it now!

 

[GaryPen]

Charlie is starting to remind me of an old Queen song....I want it all,I want it all,and I want it now!

Or, Stone Cold Crazy.

 

[mike123abc]

I just don't see Sprint accepting DISH's bid. The industry experts seems to think the same thing. IF DISH did get a hold of Sprint , the combined company would be so leveraged in debt , I would be fearful that it would quickly lead to problems down the line .

Dish cash flowed right at $3 billion last year.

 

[sparc]

I just don't see Sprint accepting DISH's bid.

They may not have a choice. Sprint shareholders won't vote to approve the deal unless they're paid at least as much as what Dish is offering. Gap is far too wide to accept anything less.

The current clearwire fiasco is a good example of how much influence that investors can have over these sales.

 

[KAB]

Or, Stone Cold Crazy.

Maybe Stone Cold Brilliant.

 

[GaryPen]

Maybe Stone Cold Brilliant.

Perhaps. But, that wouldn't have been as funny...or an actual Queen song.