Not so fast, SoftBank, Dish Network has offered $25.5 billion for Sprint

sprintWhen Japanese mobile network Softbank laid a $20 billion bid down on the table for Sprint Nextel in October last year, it probably didn’t expect a whole lot of competition when trying to acquire the struggling operator. However, although it has taken almost six months, another possible buyer has emerged – Dish Network.

The satellite TV company has trumped Softbank’s bid with a total figure of $25.5 billion, a figure chairman Charles Ergen called, “More compelling than the Softbank transaction.” According to the Wall Street Journal, Dish will pay $7 per share in the proposed merger, split into $4.76 in cash and $2.24 in stock for each one. Ergen would become Sprint’s largest shareholder and control of the company would move to Dish.

Dish’s offer is unsolicited and comes soon after a stalled attempt to buy Clearwire, which itself is partially owned by Sprint. Dish is eager to make a move into mobile, having already gained approval from industry regulators to do so, and purchasing a network avoids the particularly expensive alternative route of building its own. In a buzzword-filled statement, Ergen told the Financial Times shareholders would be getting a better deal with Dish, and by combining forces it could provide, “A significantly-enhanced strategic position and substantial synergies that are not attainable through the pending Softbank proposal.”

A key difference between the two offers is that Dish will absorb Sprint, while Softbank intends to keep it as a standalone company. Softbank is also the larger of the two firms, and has at least twice the existing subscriber base, albeit in Japan. It’s now down to Sprint’s board of directors to decide if they want to entertain an official bid from Dish, and if so, Softbank could take the decision to increase its bid. Dish has published details of its offer on its website, but Sprint and Softbank have yet to respond.


Automakers are spending billions on self-driving technology people are afraid of

Automakers are spending billions of dollars on developing the technology that will power self-driving cars, but research shows consumers have no interest in giving up control. Will they ever recoup their investment?
Movies & TV

Disney completes its $71.3 billion purchase of 21st Century Fox

Now that Walt Disney Company has closed its $71.3 billion purchase of 21st Century Fox's movie and television assets, what does this future hold for franchises like X-Men, the Fantastic Four, The Simpsons, and the rest?
Emerging Tech

Super telescope captures supermassive black holes forming billions of years ago

The Subaru Telescope in Hawaii has captured evidence of supermassive black holes forming in the ancient universe. Astronomers discovered 83 quasars powered by supermassive black holes from billions of years ago.

5G is going to cost you a few bucks more, at least on Verizon

Verizon is in the midst of a massive 5G rollout. In addition to fixed 5G service, it will also begin deploying mobile 5G in the coming months. Here's everything you need to know about Verizon's 5G network and when it will be in your town.

iPad Air vs. iPad Mini: Which new tablet from Apple is best for you?

Apple has unveiled two new iPad models, including a new iPad Air and a new iPad Mini. Both devices have a lot to offer. But which iPad is right for your needs? We put the iPad Air and iPad Mini to the test to find out.

The best Apple AirPods alternatives for Android, Windows, and iOS devices

Apple AirPods, nice as they are, aren't the only game in town. Other makers are offering their own truly wireless earbuds, and if you're looking to buy a pair of high-end in-ear headphones, we've got the best AirPod alternatives on the…

Even older Apple Watches could be effective at spotting heart conditions

The Apple Watch Series 4 is known for detecting heart conditions like atrial fibrillation thanks to having an electrocardiograph feature. It turns out that older Apple Watches could be effective at tracking AFib, too.

The Black Shark 2’s Ludicrous Mode promises the smoothest mobile gaming

Xiaomi-backed Black Shark has a follow-up to last year's Black Shark gaming phone, complete with high specs and a low price. Here's everything we know about the Black Shark 2 gaming phone.

Need a new tablet? Here are the best iPad deals for March 2019

In the wide world of tablets, Apple is still the king. If you're on team Apple and just can't live without iOS, we've curated an up-to-date list of all of the best iPad deals currently available for March 2018.

Amazon drops price on Apple Watch Series 4 with a rare deal

Since Apple first unveiled the Series 4, the price for one has pretty much held fast. This has finally started to change with a nice little $15 discount on Amazon. If you've been wanting the newest Apple Watch, now is a great time.

Sending SMS messages from your PC is easier than you might think

Texting is a fact of life, but what to do when you're in the middle of something on your laptop or just don't have your phone handy? Here's how to send a text message from a computer, whether you prefer to use an email client or Windows 10.

Google's midrange Pixels might be called the Pixel 3a and Pixel 3a XL

The Google Pixel 3 and Pixel 3 XL are considered to be two of the best Android smartphones, but it looks like Google could be prepping a midrange line. Say hello to the Pixel 3a and Pixel 3a XL.

Angry Birds AR: Isle of Pigs brings 3D demolition into your living room

Angry Birds is releasing its next entry in the spring of 2019 - with a new spin. Bringing 3D environments and destruction, Angry Birds AR: Isle of Pigs uses augmented reality to add a new dimension to a classic series.

Whether by the pool or the sea, make a splash with the best waterproof phones

Whether you're looking for a phone you can use in the bath, or you just want that extra peace of mind, waterproof phones are here and they're amazing. Check out our selection of the best ones you can buy.