All Posts Tagged Tag: ‘SoftBank’

$21.6 Billion Sprint-SoftBank Merger is Now Complete

Sprint Nextel shareholders recently voted overwhelmingly to approve a proposed merger between Sprint and SoftBank. Earlier this week, the deal cleared one final hurdle with the unanimous decision by the U.S. Federal Communications Commission (FCC) to approve the merger. Today, Sprint and SoftBank have announced that the merger is officially complete. SoftBank has paid $21.6 billion for Sprint, acquiring 72% …

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Sprint-SoftBank Merger Approved by U.S. FCC

In late June, Sprint Nextel shareholders voted to approve the proposed merger of Sprint and SoftBank during a special shareholders meeting. The only hurdle left for the companies was the U.S. Federal Communications Commission (FCC), which needed to approve the transaction. On Friday, while many Americans were still enjoying an extended Fourth of July holiday, the FCC came through with …

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Sprint Shareholders Vote to Approve SoftBank Merger

Sprint Nextel shareholders today voted overwhelmingly to approve the proposed merger of Sprint and SoftBank during a special shareholders meeting. Almost 98% of the votes cast in the meeting, which represent around 80% of Sprint’s common stock, were in favor of the merger. ‚ÄúToday is a historic day for our company, and I want to thank our shareholders for approving …

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Sprint Ups Clearwire Acquisition to $5 Per Share

In December 2012, Sprint Nextel announced that it would acquire the 50% of Clearwire that it did not already own for $2.2 billion. Sprint would pay $2.97 per share of Cleawire, valuing the company at around $10 billion. The acquisition would provide Sprint with a boost in spectrum and help the company keep pace with T-Mobile’s recent acquisition of MetroPCS. …

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Sprint, Dish Continue Merger Talks With Waiver From SoftBank

Sprint Nextel has been in negotiations with SoftBank for a $20 billion merger since last October. However, Dish Network swooped in earlier this month with a $25 billion offer for Sprint, making things much more complicated. Sprint is currently in the process of evaluating each offer, while Dish is adamant that its offer is superior to SoftBank’s. Today, Sprint announced …

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$25 Billion Offer From Dish A 13% Premium Over SoftBank’s Sprint Offer

As previously reported, Dish Network announced a proposal on Monday to merge with Sprint Nextel in a deal worth $25.5 billion. According to Dish, the offer is a 13% premium over the pending acquisition by SoftBank announced last year. In a letter to Sprint Nextel Chairman of the Board, James Hance, Jr., Dish chairman Charlie Ergen wrote, “We are offering …

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Softbank To Drop $20.1 Billion On Sprint Nextel

Last week, there were reports that Softbank was about to acquire Sprint Nextel, and today, the companies made it official. Softbank and Sprint Nextel announced that they have entered into an agreement in which Softbank will invest $20.1 billion in Sprint. $12.1 billion will be paid to Sprint shareholders, and $8 billion of new capital will be used to “strengthen …

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Softbank May Soon Acquire Sprint Nextel

Sprint Nextel may soon be acquired by Softbank, according to a report from the Wall Street Journal, which says the Japanese carrier is in “advanced talks” to buy a “substantial stake” in Sprint Nextel in a deal that could exceed $12.8 billion. The Journal cites “a person with knowledge of the negotiations” as the source of this info. Reuters is …

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Google Play Direct Billing Now Offered By More Mobile Carriers

I remember the dark ages when I owned a normal Motorola Razr flip phone. I was tricked into downloading some ringtones once and the charges were reflected on the monthly phone bill. I was so relieved that I could directly charge my credit card on the Android Market so my phone bill would not contain any nasty surprises. Turns out …

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