Sprint Committee to Evaluate Dish Offer

The board of Sprint Nextel Corp. has set up a special committee to evaluate Dish Network Corp.’s $25.5 billion bid to acquire the carrier, people familiar with the matter said.

Sprint is also in the process of trying to hire an investment bank to help it assess the unsolicited offer, the people said. For Dish to succeed, Sprint would have to reject its $20 billion agreement to sell a 70 percent stake to Japan’s Softbank Corp.

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