Deals
Dish Network Asks FCC to Pause Sprint-Softbank Review
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Dish Network Corp. asked U.S. regulators to pause their consideration of Softbank Corp.’s proposed $20 billion purchase of Sprint Nextel Corp. as the satellite-television provider pursues Sprint partner Clearwire Corp.
Tokyo-based Softbank’s bid for Sprint is “unripe for consideration” because maneuvering continues surrounding Dish’s counteroffer for Clearwire, Dish said in a filing at the Federal Communications Commission that was posted on the agency’s website today. Dish offered $3.30 a share for wireless operator Clearwire, which agreed to be bought out by Sprint for $2.97 a share.