Big Sprint Investor Favors Dish Network’s Bid
Dish Network Corp.’s $25.5 billion bid for Sprint Nextel Corp. offers more value to shareholders than the wireless company’s original deal with Japan’s Softbank Corp., Sprint investor Paulson & Co. said Tuesday.
The comments by Sprint’s fourth-largest shareholder give a boost to Dish, which lodged its unsolicited cash-and-stock offer Monday. The satellite-television operator is looking to expand its offerings to include mobile-phone service at a time when the pay-television market is reaching a saturation point.
