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_sprint_logos

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.”


Latest Video

View all videos »

Search »

I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik