Ina Fried

Recent Posts by Ina Fried

SoftBank Says Still Hopes to Complete Sprint Deal by July

Japan’s SoftBank said Tuesday that it still expects to complete its deal by July to acquire a controlling interest in Sprint Nextel.


SoftBank’s statement comes despite a rival $25.5 billion bid for Sprint coming from Dish Network.

“SoftBank believes that the agreed terms of our transaction with Sprint offer Sprint shareholders superior short and long term benefits to Dish’s highly conditional preliminary proposal,” SoftBank said in a statement. “The SoftBank-Sprint transaction is in the advanced stages of receiving the necessary approvals, and we expect to consummate the transaction on July 1, 2013.”

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work