DISH Network has turned up the acquisition heat again, this time submitting a quad-play merger proposal to Sprint Nextel’s board to buy the Overland Park, Kan.-based carrier for a total cash and stock consideration of $25.5 billion, trumping the current offer by Japan’s Softbank by 13 percent, all things considered. DISH also is trying to buy Sprint’s Clearwire joint venture at a higher premium (CTDaily, 01/30/13). “The DISH proposal clearly presents Sprint shareholders with a superior alternative to the pending Softbank proposal,” said DISH Chair Charlie Ergen this morning before an analyst call. In addition to the extra cash, he continued, “a transformative DISH/Sprint merger will create the only company that can offer customers a convenient, fully-integrated, nationwide bundle of in- and out-of-home video, broadband and voice services. Additionally, the combined national footprints and scale will allow DISH/Sprint to bring improved broadband services to millions of homes with inferior or no access to competitive broadband services.” Broken down, DISH is offering $17.3 billion in cash and $8.2 billion in stock, with shareholders getting $7 a share. Softbank is offering $4.03 per share.

The Daily

Subscribe

Industry Kicks off ‘Go Addressable’ Initiative

Distributors and TV brands came together Thursday in support of an industry initiative to accelerate efforts to make it easier for advertisers to incorporate addressable TV into their campaigns. Participants

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up

Calendar

Jul 16
Diversity List – 2021 Nominations Due: July 16, 2021
Sep 10
Most Powerful Women – 2021 Nominations Due: Sept 10, 2021
Dec 7
Most Powerful Women CelebrationSave the Date!
Full Calendar

Jobs

Seeking an INDUSTRY JOB?
VIEW JOBS

Hiring? In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors, The result will be an even more robust industry job board, to help both employers and job seekers.

Contact John@cynopsis.com for more information.