Ina Fried

Recent Posts by Ina Fried

SoftBank Gets Key Regulatory Okay for Sprint Deal

Sprint said on Wednesday that the government’s Committee on Foreign Investment in the United States has given clearance for its plan to sell a majority stake to SoftBank.

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As part of the deal, Sprint and SoftBank have agreed to various conditions to assuage national security concerns.

The two companies still hope to close their deal by July, though Sprint’s board must still weigh a competing bid from Dish Network. A special committee of Sprint’s outside directors is talking with Dish to see if their offer is likely to lead to a better bid than the one put forth by SoftBank.

Softbank’s bid has gotten all the needed state regulatory approvals, but still needs public policy okays from the federal government as well as approval of Sprint shareholders.


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Nobody was excited about paying top dollar for a movie about WikiLeaks. A film about the origins of Pets.com would have done better.

— Gitesh Pandya of BoxOfficeGuru.com comments on the dreadful opening weekend box office numbers for “The Fifth Estate.”