Sprint-Nextel's board of directors has formed a special committee to evaluate the bid made by Dish Network.
Tags: Sprint Nextel
Softbank President to Meet with Sprint Shareholders
Masayoshi Son, Softbank's founder and president is set to travel to the US to meet with major Sprint-Nextel shareholders.
Clearwire Board Supports Sprint Bid
Clearwire issues a statement recommending the acceptance as the best option for minority shareholders.
Softbank Will Not Modify Offer for Sprint Nextel
Softbank will not modify the terms of its offer according to billionaire founder Masayoshi Son. In a statement, Softbank Corp said that its offer for 70% of Sprint Nextel Corp at US$20.
Intel CEO Throws Support for Softbank Bid for Sprint
Intel CEO sends letter to FCC Chairman throwing support to the Softbank bid. Paul Otellini, the CEO of Intel Corp has sent a letter to the Federal Communications Commission vouching for his support for SoftBank's bid for Sprint Nextel instead of the Dish Network's unsolicited bid.
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Verizon's CFO is in the process of putting together a bid for Clearwire. The Chief Financial Officer of Verizon Communications Inc had confirmed that the telephone company is in the process of putting up a bid for Clearwire Corp for its wireless spectrum.
John Paulson says that Dish offer is more than just investment, it is also spectrum and synergy. According to hedge fund giant John Paulson, the US$25.
According to Dish CEO, the offer to purchase Sprint-Nextel is not contingent on the outcome of the Sprint-Clearwire negotiations.
In a surprise move, Dish Network offers US$2.5 billion for a merger with Sprint-Nextel. Dish Network offers US$25. 5 billion to merge with Sprint Nextel.
Crest Financial files a proxy statement contesting the Sprint Nextel-Clearwire merger. The biggest minority shareholder in Clearwire Corp, Crest Financial Ltd, has filed a proxy statement with federal regulators.
Softbank would turn to bond issue to fund Sprint Nextel purchase stake. Japanese wireless carrier Softbank Corp. has agreed to purchase a US$20 billion stake in Sprint Nextel Corp.
