Back in October last year Japan’s Softbank announced that it would buy US mobile carrier Sprint, in a deal which was worth $20.5 billion US dollars, but now it would appear that there is a rival bid fro Sprint.
Dish has announced that they want to buy Sprint in a deal which is worth $25.5 billion US dollars, the bid is made up of $17.3 billion in cash and $8 billion in stock.
The Dish deal is obviously better for shareholders in Sprint, as they would receive a total of $7 per share, which is made up of $4.76 in cash and the balance in stock.
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