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	<title type="text">SoftBank buys Sprint: everything you need to know about the multi-billion acquisition &#8211; The Verge</title>
	<subtitle type="text">The Verge is about technology and how it makes us feel. Founded in 2011, we offer our audience everything from breaking news to reviews to award-winning features and investigations, on our site, in video, and in podcasts.</subtitle>

	<updated>2013-07-11T01:21:28+00:00</updated>

	<link rel="alternate" type="text/html" href="https://www.theverge.com/2012/10/18/3521256/softbank-buys-sprint-acquisition-news-rumors" />
	<id>https://www.theverge.com/rss/stream/3285297</id>
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		<entry>
			
			<author>
				<name>Sam Byford</name>
			</author>
			
			<title type="html"><![CDATA[Sprint Nextel is now Sprint Corporation as SoftBank completes takeover]]></title>
			<link rel="alternate" type="text/html" href="https://www.theverge.com/2013/7/10/4512622/softbank-completes-sprint-takeover" />
			<id>https://www.theverge.com/2013/7/10/4512622/softbank-completes-sprint-takeover</id>
			<updated>2013-07-10T21:21:28-04:00</updated>
			<published>2013-07-10T21:21:28-04:00</published>
			<category scheme="https://www.theverge.com" term="Business" /><category scheme="https://www.theverge.com" term="Mobile" /><category scheme="https://www.theverge.com" term="Sprint" /><category scheme="https://www.theverge.com" term="Tech" />
							<summary type="html"><![CDATA[Sprint Nextel is no more. Japan's SoftBank completed its protracted takeover of the US's third largest mobile carrier today, giving it a controlling stake in what is now Sprint Corporation. The deal is worth $21.6 billion, including $5 billion in cash to boost the company's balance sheet and $16.6 billion to be distributed to Sprint [&#8230;]]]></summary>
			
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<figure>

<img alt="" data-caption="Dan Hesse" data-portal-copyright="" data-has-syndication-rights="1" src="https://platform.theverge.com/wp-content/uploads/sites/2/chorus/uploads/chorus_asset/file/14388386/Dan-Hesse-Wazzup-Sprint-RM-Verge.1419979710.jpg?quality=90&#038;strip=all&#038;crop=0,0,100,100" />
	<figcaption>
	Dan Hesse	</figcaption>
</figure>
<p>Sprint Nextel is no more. Japan's SoftBank completed its <a href="http://www.theverge.com/2012/10/18/3521256/softbank-buys-sprint-acquisition-news-rumors">protracted takeover</a> of the US's third largest mobile carrier today, giving it a controlling stake in what is now Sprint Corporation. The deal is worth $21.6 billion, including $5 billion in cash to boost the company's balance sheet and $16.6 billion to be distributed to Sprint shareholders.</p>
<p>The name change removes an albatross that had long hung around Sprint's neck following its $36 billion acquisition of Nextel in 2005. After failing to successfully integrate the two networks, Sprint wrote off $29.7 billion on the purchase in 2008, wiping out over 80 percent of Nextel's value. Nexte …</p>
<p><a href="https://www.theverge.com/2013/7/10/4512622/softbank-completes-sprint-takeover">Read the full story at The Verge.</a></p>
						]]>
									</content>
			
					</entry>
			<entry>
			
			<author>
				<name>Nathan Ingraham</name>
			</author>
			
			<title type="html"><![CDATA[Sprint now finally owns 100 percent of Clearwire]]></title>
			<link rel="alternate" type="text/html" href="https://www.theverge.com/2013/7/9/4507030/sprint-now-finally-owns-100-percent-of-clearwire" />
			<id>https://www.theverge.com/2013/7/9/4507030/sprint-now-finally-owns-100-percent-of-clearwire</id>
			<updated>2013-07-09T10:39:47-04:00</updated>
			<published>2013-07-09T10:39:47-04:00</published>
			<category scheme="https://www.theverge.com" term="Mobile" /><category scheme="https://www.theverge.com" term="Tech" />
							<summary type="html"><![CDATA[Sprint just announced that it has successfully completed its purchase of Clearwire - its final, best offer of $5 per share was accepted, and the transaction has been closed as of today. This comes just one day after SoftBank and Sprint announced their merger would be complete on July 10th and less than a week [&#8230;]]]></summary>
			
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<img alt="" data-caption="Sprint store (STOCK)" data-portal-copyright="" data-has-syndication-rights="1" src="https://platform.theverge.com/wp-content/uploads/sites/2/chorus/uploads/chorus_asset/file/14386662/sprint-logo-store-stock_1020.1419979705.jpg?quality=90&#038;strip=all&#038;crop=0,0,100,100" />
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	Sprint store (STOCK)	</figcaption>
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<p>Sprint just announced that it has successfully completed its purchase of Clearwire - its final, best offer of $5 per share was <a href="http://www.theverge.com/2013/6/20/4449292/clearwires-board-backs-aggressive-new-acquisition-offer-from-sprint">accepted</a>, and the transaction has been closed as of today. This comes just one day after SoftBank and Sprint announced their merger would be <a href="http://www.theverge.com/2013/7/5/4496636/softbank-buyout-of-sprint-sprint-buyout-of-clearwire-both-approved-by">complete on July 10th</a> and less than a week since the FCC <a href="http://www.theverge.com/2013/7/5/4496636/softbank-buyout-of-sprint-sprint-buyout-of-clearwire-both-approved-by">gave both deals its blessing</a>. Sprint was already a majority shareholder in Clearwire, but now the carrier - and thus Sprint's new owner, SoftBank - now owns 100 percent of the company. It's a key acquisition for Sprint, as the carrier plans to use Clearwire's spectrum to continue building out its LTE network.</p>
<p>This week's  …</p>
<p><a href="https://www.theverge.com/2013/7/9/4507030/sprint-now-finally-owns-100-percent-of-clearwire">Read the full story at The Verge.</a></p>
						]]>
									</content>
			
					</entry>
			<entry>
			
			<author>
				<name>Nathan Ingraham</name>
			</author>
			
			<title type="html"><![CDATA[SoftBank&#8217;s $21.6 billion acquisition of Sprint will be complete on July 10th]]></title>
			<link rel="alternate" type="text/html" href="https://www.theverge.com/2013/7/8/4504600/softbank-acquisition-of-sprint-will-be-complete-on-july-10th" />
			<id>https://www.theverge.com/2013/7/8/4504600/softbank-acquisition-of-sprint-will-be-complete-on-july-10th</id>
			<updated>2013-07-08T15:17:05-04:00</updated>
			<published>2013-07-08T15:17:05-04:00</published>
			<category scheme="https://www.theverge.com" term="Mobile" /><category scheme="https://www.theverge.com" term="Tech" />
							<summary type="html"><![CDATA[At long last, Spring and SoftBank have set a date for their long courtship to finally be official: as of July 10th, SoftBank will complete its $21.6 billion acquisition of the third-biggest US wireless carrier. This announcement comes a few days after the FCC officially gave the transaction the green light, marking the acquisition's final [&#8230;]]]></summary>
			
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<figure>

<img alt="" data-caption="son hesse softbank sprint stock 1020" data-portal-copyright="" data-has-syndication-rights="1" src="https://platform.theverge.com/wp-content/uploads/sites/2/chorus/uploads/chorus_asset/file/14385915/theverge_1020.1419979703.jpg?quality=90&#038;strip=all&#038;crop=0,0,100,100" />
	<figcaption>
	son hesse softbank sprint stock 1020	</figcaption>
</figure>
<p>At long last, Spring and SoftBank have set a date for their long courtship to finally be official: as of July 10th, SoftBank will complete its $21.6 billion acquisition of the third-biggest US wireless carrier. This announcement comes a few days after the <a href="http://www.theverge.com/2013/7/5/4496636/softbank-buyout-of-sprint-sprint-buyout-of-clearwire-both-approved-by">FCC officially gave the transaction the green light</a>, marking the acquisition's final hurdle. Dish has probably been the biggest thorn in the side of SoftBank - it made <a href="http://www.theverge.com/2013/4/15/4225958/dish-sprint-takeover-bid/in/3674925">an aggressive offer</a> to buy Sprint itself as part of its attempts to get into the wireless space. However, the company <a href="http://www.theverge.com/2013/6/26/4467778/dish-withdraws-bid-for-clearwire/in/3285297">pulled out of the bidding</a> in late June, paving the way for SoftBank and Sprint to finally finish their merg …</p>
<p><a href="https://www.theverge.com/2013/7/8/4504600/softbank-acquisition-of-sprint-will-be-complete-on-july-10th">Read the full story at The Verge.</a></p>
						]]>
									</content>
			
					</entry>
			<entry>
			
			<author>
				<name>Dieter Bohn</name>
			</author>
			
			<title type="html"><![CDATA[FCC officially approves SoftBank buyout of Sprint and Sprint buyout of Clearwire]]></title>
			<link rel="alternate" type="text/html" href="https://www.theverge.com/2013/7/5/4496636/softbank-buyout-of-sprint-sprint-buyout-of-clearwire-both-approved-by" />
			<id>https://www.theverge.com/2013/7/5/4496636/softbank-buyout-of-sprint-sprint-buyout-of-clearwire-both-approved-by</id>
			<updated>2013-07-05T15:29:30-04:00</updated>
			<published>2013-07-05T15:29:30-04:00</published>
			<category scheme="https://www.theverge.com" term="Mobile" /><category scheme="https://www.theverge.com" term="Tech" />
							<summary type="html"><![CDATA[As previously rumored, the FCC has officially approved SoftBank's purchase of Sprint and, furthermore, Sprint's purchase of the rest of Clearwire. Acting FCC Chairwoman Mignon Clyburn and commissioner Ajit Pai both gave statements supporting the deal, Sprint says that the FCC voted unanimously, though the third commissioner, Jessica Rosenworcel, did not issue a statement. In [&#8230;]]]></summary>
			
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<figure>

<img alt="" data-caption="son hesse softbank sprint stock 1020" data-portal-copyright="" data-has-syndication-rights="1" src="https://platform.theverge.com/wp-content/uploads/sites/2/chorus/uploads/chorus_asset/file/14383505/theverge_1020.1419979698.jpg?quality=90&#038;strip=all&#038;crop=0,0,100,100" />
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	son hesse softbank sprint stock 1020	</figcaption>
</figure>
<p>As <a href="http://www.theverge.com/2013/7/2/4488594/fcc-reportedly-will-approve-sprints-deals-with-softbank-and-clearwire">previously rumored</a>, the <a href="http://www.fcc.gov/document/fcc-approves-softbank-sprint-clearwire-transactions" target="_blank">FCC has officially approved</a> SoftBank's purchase of Sprint and, furthermore, <a class="sbn-auto-link" href="http://www.theverge.com/products/brands/sprint/274">Sprint's</a> purchase of the rest of Clearwire. Acting FCC Chairwoman Mignon Clyburn and commissioner Ajit Pai both gave statements supporting the deal, Sprint says that the FCC voted unanimously, though the third commissioner, Jessica Rosenworcel, did not issue a statement. In Clyburn's statement, she said that the deal would "serve the public interest" and that it would "accelerate the deployment of mobile broadband services and enhance competition."</p>
<p>The deal had seen multiple challenges from Dish, which has been trying to find a way into the  …</p>
<p><a href="https://www.theverge.com/2013/7/5/4496636/softbank-buyout-of-sprint-sprint-buyout-of-clearwire-both-approved-by">Read the full story at The Verge.</a></p>
						]]>
									</content>
			
					</entry>
			<entry>
			
			<author>
				<name>Dieter Bohn</name>
			</author>
			
			<title type="html"><![CDATA[FCC reportedly will approve Sprint&#8217;s deals with SoftBank and Clearwire]]></title>
			<link rel="alternate" type="text/html" href="https://www.theverge.com/2013/7/2/4488594/fcc-reportedly-will-approve-sprints-deals-with-softbank-and-clearwire" />
			<id>https://www.theverge.com/2013/7/2/4488594/fcc-reportedly-will-approve-sprints-deals-with-softbank-and-clearwire</id>
			<updated>2013-07-02T21:48:14-04:00</updated>
			<published>2013-07-02T21:48:14-04:00</published>
			<category scheme="https://www.theverge.com" term="Mobile" /><category scheme="https://www.theverge.com" term="Tech" />
							<summary type="html"><![CDATA[A mere five days after acting FCC chairwoman Mignon Clyburn sent the Sprint-SoftBank-Clearwire deal to the committee for a vote, Bloomberg reports that at least two of the three sitting commissioners have voted for the deal. The vote means not only that the FCC will allow Softbank to go forward with its acquisition of Sprint, [&#8230;]]]></summary>
			
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<img alt="" data-caption="FCC TEC" data-portal-copyright="" data-has-syndication-rights="1" src="https://platform.theverge.com/wp-content/uploads/sites/2/chorus/uploads/chorus_asset/file/14381060/fcc-tec.1419979691.jpg?quality=90&#038;strip=all&#038;crop=0,0,100,100" />
	<figcaption>
	FCC TEC	</figcaption>
</figure>
<p>A mere five days after acting FCC chairwoman Mignon Clyburn <a href="http://www.theverge.com/2013/6/27/4471872/fcc-poised-to-vote-on-softbank-sprint-clearwire">sent the Sprint-SoftBank-Clearwire deal to the committee</a> for a vote, <a href="http://www.bloomberg.com/news/2013-07-02/softbank-bid-for-sprint-said-to-win-majority-fcc-support.html"><em>Bloomberg</em> reports</a> that at least two of the three sitting commissioners have voted for the deal. The vote means not only that the FCC will allow Softbank to go forward with its acquisition of Sprint, but will also not stand in the way of Sprint buying up the remaining portion of Clearwire that it has been pursuing. Both deals have been <a href="http://www.theverge.com/2012/10/18/3521256/softbank-buys-sprint-acquisition-news-rumors">beset by high-stakes gamesmanship</a> from Dish, which alternately tried to merge with Sprint and buy Clearwire out from under the carrier. The moves forced SoftBank to <a href="http://www.theverge.com/2013/6/11/4417690/softbank-sweetens-sprint-acquisition-bid-shareholder-vote-postponed/in/3285297">improve its offer  …</a></p>
<p><a href="https://www.theverge.com/2013/7/2/4488594/fcc-reportedly-will-approve-sprints-deals-with-softbank-and-clearwire">Read the full story at The Verge.</a></p>
						]]>
									</content>
			
					</entry>
			<entry>
			
			<author>
				<name>Chris Ziegler</name>
			</author>
			
			<title type="html"><![CDATA[FCC poised to vote on SoftBank&#8217;s acquisition of Sprint, Sprint&#8217;s acquisition of Clearwire]]></title>
			<link rel="alternate" type="text/html" href="https://www.theverge.com/2013/6/27/4471872/fcc-poised-to-vote-on-softbank-sprint-clearwire" />
			<id>https://www.theverge.com/2013/6/27/4471872/fcc-poised-to-vote-on-softbank-sprint-clearwire</id>
			<updated>2013-06-27T17:45:38-04:00</updated>
			<published>2013-06-27T17:45:38-04:00</published>
			<category scheme="https://www.theverge.com" term="Mobile" /><category scheme="https://www.theverge.com" term="Policy" /><category scheme="https://www.theverge.com" term="Sprint" /><category scheme="https://www.theverge.com" term="Tech" />
							<summary type="html"><![CDATA[Acting FCC Chairwoman Mignon Clyburn has sent the epic SoftBank-Sprint-Clearwire deal - the largest to hit regulators since AT&#38;T's proposed purchase of T-Mobile USA - over to her fellow commissioners today, setting up the agency for an approval vote. Though her tenure will ultimately be brief (assuming nominee Tom Wheeler makes it through the Senate's [&#8230;]]]></summary>
			
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<img alt="" data-caption="Mignon Clyburn" data-portal-copyright="" data-has-syndication-rights="1" src="https://platform.theverge.com/wp-content/uploads/sites/2/chorus/uploads/chorus_asset/file/14376072/8047408912_bb66b55f4a_h.1419979678.jpg?quality=90&#038;strip=all&#038;crop=0,0,100,100" />
	<figcaption>
	Mignon Clyburn	</figcaption>
</figure>
<p>Acting FCC Chairwoman Mignon Clyburn has sent the epic SoftBank-Sprint-Clearwire deal - the largest to hit regulators since AT&amp;T's proposed purchase of T-Mobile USA - over to her fellow commissioners today, setting up the agency for an approval vote.</p>
<p>Though her tenure will ultimately be brief (assuming nominee Tom Wheeler makes it through the Senate's confirmation process), pressing business across the wireless industry means that Clyburn is <a href="http://www.theverge.com/2013/5/21/4351988/new-fcc-chair-mignon-clyburn-steps-out-how-turbulent-will-her-short-tenure-be">going to end up leading the way on some major decisions</a> with long-term implications. The vote - which would give FCC approval to Sprint's purchase of the outstanding stake of Clearwire that it doesn't a …</p>
<p><a href="https://www.theverge.com/2013/6/27/4471872/fcc-poised-to-vote-on-softbank-sprint-clearwire">Read the full story at The Verge.</a></p>
						]]>
									</content>
			
					</entry>
			<entry>
			
			<author>
				<name>Dante D&#039;Orazio</name>
			</author>
			
			<title type="html"><![CDATA[Dish withdraws bid for Clearwire following Sprint&#8217;s latest offer]]></title>
			<link rel="alternate" type="text/html" href="https://www.theverge.com/2013/6/26/4467778/dish-withdraws-bid-for-clearwire" />
			<id>https://www.theverge.com/2013/6/26/4467778/dish-withdraws-bid-for-clearwire</id>
			<updated>2013-06-26T16:15:17-04:00</updated>
			<published>2013-06-26T16:15:17-04:00</published>
			<category scheme="https://www.theverge.com" term="Mobile" /><category scheme="https://www.theverge.com" term="Tech" />
							<summary type="html"><![CDATA[The Sprint, Dish, Clearwire, and SoftBank acquisition saga may be close to over. Dish has withdrawn its offer to purchase Clearwire, according to a press release pushed across the wire this afternoon. The satellite television company last bid $4.40 per share, but Sprint's latest offer of $5 per share - enough to earn the backing [&#8230;]]]></summary>
			
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<img alt="" data-caption="Dish CES 2013 stock 2 1020" data-portal-copyright="" data-has-syndication-rights="1" src="https://platform.theverge.com/wp-content/uploads/sites/2/chorus/uploads/chorus_asset/file/14374807/20130110-625A1539VERGE.1419979675.jpg?quality=90&#038;strip=all&#038;crop=0,0,100,100" />
	<figcaption>
	Dish CES 2013 stock 2 1020	</figcaption>
</figure>
<p>The Sprint, Dish, Clearwire, and SoftBank acquisition saga may be close to over. Dish has withdrawn its offer to purchase Clearwire, according to a press release pushed across the wire this afternoon. The satellite television company last bid $4.40 per share, but <a href="http://www.theverge.com/2013/6/20/4449292/clearwires-board-backs-aggressive-new-acquisition-offer-from-sprint">Sprint's latest offer of $5 per share</a> - enough to earn the backing of Clearwire's board - has apparently convinced Dish to give up on this particular opportunity. Sprint, meanwhile, is in the middle of being <a href="http://www.theverge.com/2013/6/25/4462846/sprint-shareholders-approve-softbank-takeover">acquired by Japan's SoftBank</a> after Dish's own discussions to purchase the Kansas-based carrier <a href="http://www.theverge.com/2013/6/11/4420520/sprint-reportedly-breaks-off-merger-talks-with-dish">fell through earlier this month</a>.</p>
<p>It's unclear if today's news marks an end of Dis …</p>
<p><a href="https://www.theverge.com/2013/6/26/4467778/dish-withdraws-bid-for-clearwire">Read the full story at The Verge.</a></p>
						]]>
									</content>
			
					</entry>
			<entry>
			
			<author>
				<name>Dan Seifert</name>
			</author>
			
			<title type="html"><![CDATA[Sprint shareholders approve $21.6 billion SoftBank takeover]]></title>
			<link rel="alternate" type="text/html" href="https://www.theverge.com/2013/6/25/4462846/sprint-shareholders-approve-softbank-takeover" />
			<id>https://www.theverge.com/2013/6/25/4462846/sprint-shareholders-approve-softbank-takeover</id>
			<updated>2013-06-25T11:31:54-04:00</updated>
			<published>2013-06-25T11:31:54-04:00</published>
			<category scheme="https://www.theverge.com" term="Mobile" /><category scheme="https://www.theverge.com" term="Tech" />
							<summary type="html"><![CDATA[SoftBank CEO Masayoshi Son and Sprint CEO Dan Hesse SoftBank's efforts to purchase Sprint got one step closer to completion on Tuesday, as Sprint's shareholders overwhelmingly approved the proposed purchase. Sprint says that about 98 percent of the votes cast at a special shareholders meeting were in favor of SoftBank's offer. Facing a competing bid [&#8230;]]]></summary>
			
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<img alt="" data-caption="SoftBank CEO Masayoshi Son and Sprint CEO Dan Hesse" data-portal-copyright="" data-has-syndication-rights="1" src="https://platform.theverge.com/wp-content/uploads/sites/2/chorus/uploads/chorus_asset/file/14373354/theverge_1020.1419979671.jpg?quality=90&#038;strip=all&#038;crop=0,0,100,100" />
	<figcaption>
	SoftBank CEO Masayoshi Son and Sprint CEO Dan Hesse	</figcaption>
</figure>
<p><em><em>SoftBank CEO Masayoshi Son and Sprint CEO Dan Hesse</em></em></p>
<p>SoftBank's efforts to purchase Sprint got one step closer to completion on Tuesday, as Sprint's shareholders overwhelmingly approved the proposed purchase. Sprint says that about 98 percent of the votes cast at a special shareholders meeting were in favor of SoftBank's offer. Facing a competing bid from Dish, SoftBank <a href="http://www.theverge.com/2013/6/11/4417690/softbank-sweetens-sprint-acquisition-bid-shareholder-vote-postponed">recently upped its offer to $21.6 billion</a> in cash and stock - $16.64 billion of which would be delivered to Sprint shareholders. Sprint CEO Dan Hesse said "the transaction with SoftBank should enhance Sprint's long-term value and competitive position by creating a company wit …</p>
<p><a href="https://www.theverge.com/2013/6/25/4462846/sprint-shareholders-approve-softbank-takeover">Read the full story at The Verge.</a></p>
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									</content>
			
					</entry>
			<entry>
			
			<author>
				<name>Jeff Blagdon</name>
			</author>
			
			<title type="html"><![CDATA[Dish bails on Sprint acquisition to focus on Clearwire]]></title>
			<link rel="alternate" type="text/html" href="https://www.theverge.com/2013/6/18/4443276/dish-bails-on-sprint-acquisition-to-focus-on-clearwire" />
			<id>https://www.theverge.com/2013/6/18/4443276/dish-bails-on-sprint-acquisition-to-focus-on-clearwire</id>
			<updated>2013-06-18T19:27:11-04:00</updated>
			<published>2013-06-18T19:27:11-04:00</published>
			<category scheme="https://www.theverge.com" term="Mobile" /><category scheme="https://www.theverge.com" term="Tech" />
							<summary type="html"><![CDATA[Dish Network has pulled out of the competition to buy third-place US wireless carrier Sprint after months of back-and-forth with competitor SoftBank. After seeing the Japanese operator table a buyout offer in October 2012, Dish countered with its own surprise bid in April, leading to some heated exchanges in the media. Reuters reports that Dish [&#8230;]]]></summary>
			
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<img alt="" data-caption="Dish (STOCK)" data-portal-copyright="" data-has-syndication-rights="1" src="https://platform.theverge.com/wp-content/uploads/sites/2/chorus/uploads/chorus_asset/file/14367525/DSC_4155.1419979655.jpg?quality=90&#038;strip=all&#038;crop=0,0,100,100" />
	<figcaption>
	Dish (STOCK)	</figcaption>
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<p>Dish Network has pulled out of the competition to buy third-place US wireless carrier Sprint after months of back-and-forth with competitor SoftBank. After seeing the Japanese operator table a buyout offer in October 2012, Dish countered with its own surprise bid in April, leading to some heated exchanges in the media. <a href="http://www.reuters.com/article/2013/06/18/us-sprint-dish-softbank-idUSBRE95H1EM20130618?feedType=RSS&amp;feedName=technologyNews">Reuters reports</a> that Dish will instead focus on acquiring Clearwire Corp. The company issued a statement on its change of plans in the form of a <a href="http://dish.client.shareholder.com/releasedetail.cfm?ReleaseID=772261">press release</a>, the full text of which is below:</p>
<p><!-- extended entry --></p><hr class="widget_boundry_marker hidden page_break"><blockquote class="wp-block-quote has-text-align-none is-layout-flow wp-block-quote-is-layout-flow">
<p>"While DISH continues to see strategic value in a merger with Sprint, the decisions made by Sprint to prematurely terminate our due di …</p></blockquote>
<p><a href="https://www.theverge.com/2013/6/18/4443276/dish-bails-on-sprint-acquisition-to-focus-on-clearwire">Read the full story at The Verge.</a></p>
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			<entry>
			
			<author>
				<name>Jeff Blagdon</name>
			</author>
			
			<title type="html"><![CDATA[SoftBank sweetens Sprint acquisition bid as shareholder vote is postponed]]></title>
			<link rel="alternate" type="text/html" href="https://www.theverge.com/2013/6/11/4417690/softbank-sweetens-sprint-acquisition-bid-shareholder-vote-postponed" />
			<id>https://www.theverge.com/2013/6/11/4417690/softbank-sweetens-sprint-acquisition-bid-shareholder-vote-postponed</id>
			<updated>2013-06-11T00:19:04-04:00</updated>
			<published>2013-06-11T00:19:04-04:00</published>
			<category scheme="https://www.theverge.com" term="Mobile" /><category scheme="https://www.theverge.com" term="Tech" />
							<summary type="html"><![CDATA[SoftBank is reaching deeper into its pockets to increase its bid for third-place US carrier Sprint, raising the stakes to $21.6 billion in cash and stock. The bump is coming in the form of extra cash - $4.5 billion worth - but the nominal total still remains lower than Dish's $25.5 billion bid. SoftBank CEO [&#8230;]]]></summary>
			
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<img alt="" data-caption="softbank son stock 2040" data-portal-copyright="" data-has-syndication-rights="1" src="https://platform.theverge.com/wp-content/uploads/sites/2/chorus/uploads/chorus_asset/file/14360230/son_softbank1_2040.1419979635.jpg?quality=90&#038;strip=all&#038;crop=0,0,100,100" />
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	softbank son stock 2040	</figcaption>
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<p>SoftBank is reaching deeper into its pockets to <a href="http://www.businesswire.com/news/home/20130610006626/en/Sprint-SoftBank-Amend-Merger-Agreement-Deliver-Greater">increase its bid for third-place US carrier Sprint</a>, raising the stakes to $21.6 billion in cash and stock. The bump is coming in the form of extra cash - $4.5 billion worth - but the nominal total still remains lower than Dish's $25.5 billion bid. SoftBank CEO Masayoshi Son had previously been adamant that even though Dish is offering a higher figure, his company's bid offers a better value for shareholders, calling Dish's bid "<a href="http://www.theverge.com/2013/4/30/4285174/softbank-masayoshi-son-calls-dish-sprint-bid-misleading">incomplete and illusory</a>." A shareholder vote on SoftBank's proposal had been planned for Wednesday, but Sprint's board has since pushed it back to June 25th.</p>
<p><!-- extended entry --></p><hr class="widget_boundry_marker hidden page_break"><p><q class="center">"We continu …</q></p>
<p><a href="https://www.theverge.com/2013/6/11/4417690/softbank-sweetens-sprint-acquisition-bid-shareholder-vote-postponed">Read the full story at The Verge.</a></p>
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