DISH Makes offer to buy Sprint (Rescinded)
- Thread starter Scott Greczkowski
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I think the problem some people have (including myself) with the way Dish handled the Blockbuster acquisition was that Dish didn't take the necessary steps to keep BBV a viable b&m rental service. I know I mention them often, but Family Video is a perfect example of a growing company. Maybe if Dish ran BBV like Family instead of the way the idiots that caused BBV to go into bankruptcy in the first place, they would still have 1,000 stores. But since hindsight is 20/20, it's become pretty apparent that Dish bought BBV for it's name and not to operate a b&m rental business.
Sprint's network vision network is MUCH better than their old network. it should be done by the end of 2014. it's nice here in Austin where it's already deployed.
The battle for Sprint pits two of the world's hardest-to-read telecom entrepreneurs against each other.
"I like this line" http://online.wsj.com/article/SB100...4200831745578.html?mod=WSJ_hps_LEFTTopStories
"I like this line" http://online.wsj.com/article/SB100...4200831745578.html?mod=WSJ_hps_LEFTTopStories
And Charlie very openly stated that, when the acquisition was made. Anyone who believed otherwise was at the very least, naïve, IMHO.
It is going to take a lot of up front capital investment to make Sprint a serious contender. Where is the money going to come from after Charlie has already bulked up on debt to make the acquisition offer?
I used the Google trick to bypass that.
Goggle "Dish Launches $25.5 Billion Bid for Sprint"
But has Dish done anything with the Blockbuster name that has actually brought any additional revenue into the company? I thought Dish was going to build Blockbuster into a real rival for Netflix but I just don't see that happening - certainly not in the DVD by mail arena (which it's pretty clear both companies would like to exit) - or in online video service. I don't see how taking existing Dish online and on-demand (via-satellite) services and slapping the Blockbuster name on them really does anything to sell those services. I think the ability to bundle Dish TV services with Sprint broadband and cell phone service has a lot of potential, but they're going to have to improve service in all three areas to make that bundle attractive to anyone other than the person who is just looking for the lowest price. Unfortunately their track record doesn't really suggest that they will be able to do that.
Stand upright in a non tense stance. Take hand of choice and place over rear pants pocket. Remove bulge most of us will find there. Open and seek out thin green rectangles. Kiss some goodbye.
Yet, Dish added the mail service to Dish Platinum and renamed it BB@Home. So there was an initial attempt to push the rental service. Dish also spent money updating most of those b&m stores that are now closed. And Dish said that they were going to have BBV compete directly with Netflix streaming. What do they now have? Oh yes another run of the mill VOD service instead and people can buy those new fixtures for cheap from those closing stores. As you can see, BBV is still a mess and Dish did nothing to improve it. By the time Dish is through, the name Blockbuster won't be worth that $300+ million they paid for it. All that money they spent on BBV was wasted. They could have made those stores more viable if they were smart about it. Bottom line, THEY WEREN'T!
I agree with you that they could have BBV a success if the will to do it had been there...I don't believe it ever was. I do believe, however, than the 300m dollars was money well spent. If Dish closed every store and sold off everything, they prolly still made money.
Why wouldn't they ? The FCC gets involved when a purchase/merger/buyout reduces the number of companies, i.e. eliminating competition (bad for "consumers"). Sprint isn't going anywhere as part of this proposed deal.
I think it would be a good match plus those of us on Sprint and Dish maybe they could offer better deals. Since Dish is a American base company would be a plus for Sprint as well due to there was some concerns with the Soft Cell deal due to security issues with some China base equipment from Huawei. Sprint still has some cash to keep upgrading their network plus if goes through would give them the extra boost to keep moving forward in a fast pace. Overall I think this deal could get approved allot quicker as well so its a win win for both sides.
A great poker game in progress. Verizon counterattacks and offers to buy Clearwire spectrum (currently being bid by Sprint and Dish with Dish saying they will drop out if their Sprint deal is accepted). Also, late last week the Justice Dept. sent FCC a letter reminding them to not let the big guys (AT&t and Verizon) get to much of the new spectrum coming up for sale. http://news.cnet.com/8301-1035_3-57579594-94/verizon-wireless-pitches-$1.5b-for-clearwire-spectrum/
A good comparison between Dish's deal and Softbank's deal for Sprint.
http://blogs.wsj.com/deals/2013/04/15/dish-vs-softbank-a-comparison-of-sprint-offers/
http://blogs.wsj.com/deals/2013/04/15/dish-vs-softbank-a-comparison-of-sprint-offers/
You're probably right about Dish making money by selling everything off. I think the other contender to buy BBV said that they were going to do just that. The thing is Dish said that they were going to make Blockbuster profitable again.
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