April 16, 2013 |
Dish Network Corp. is taking a run at Sprint. The satellite television company made an unsolicited $25.5-billion bid for Sprint Nextel Corp. on Monday in an attempt to marry one of the nation's biggest pay-TV providers with the third-largest U.S. wireless carrier. A merger would give Dish the ability to package Internet and phone service with its satellite offerings. "A transformative DISH/Sprint merger will create the only company that can offer customers a convenient, fully integrated, nationwide bundle of in- and out-of-home video, broadband and voice services," Dish Chairman Charles W. Ergen said.
April 15, 2013 |
SoftBank Corp., whose bid for 70% of Sprint Nextel Corp. now faces an unexpected challenge from Dish Network Corp., isn't backing down. In a statement released late Monday, the Japanese telecommunications giant said its deal to invest $20.1 billion in the United States' third-largest wireless carrier was better than the unsolicited offer made by Dish. "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.
April 15, 2013 |
After the coffee. Before remembering how to drive in the rain. The Skinny: I guess I'm getting old, as I had no desire to watch the MTV Movie Awards -- and the tweets told me I wasn't missing too much. Monday's headlines include the weekend box office recap, Dish Network's surprise bid for Sprint and concerns about whether the American Humane Assn. is doing a good enough job policing animal safety on movie and TV sets. PHOTOS: 2013 MTV Music Awards Daily Dose: Edward Pound, a former New York Times and Wall Street Journal reporter has been tapped by Al Jazeera America to oversee its investigative reporting unit.
November 8, 2006 |
Rupert Murdoch's News Corp. will invest 590 million yen ($5 million) with Japanese billionaire Masayoshi Son's Softbank Corp. in a Japanese version of the social networking website MySpace. News Corp., which last year paid $580 million for MySpace, will put up the money in a 50-50 partnership with Tokyo-based Softbank, Japan's largest provider of high-speed Internet access.
January 1, 2002
* Ariba Inc., a money-losing maker of Internet-commerce software which cut 900 jobs in 2001, said Softbank Corp. founder and CEO Masayoshi Son resigned from Ariba's board. Son, 44, will focus on Softbank and Nihon Ariba, the Japanese company controlled by Softbank and 40% owned by Ariba. Shares in Sunnyvale, Calif.-based Ariba, which reached $168.75 in September 2000, rose 4cents to $6.16 on Nasdaq.
December 28, 2001 |
SBC Communications Inc. said it agreed to buy about a 3% stake in Yahoo Inc. from Softbank America Inc., expanding an alliance the No. 2 local phone company formed with the Internet media giant in November. Softbank America, a unit of Japan's Softbank Corp., said it will remain Yahoo's single largest shareholder after the deal with a stake of more than 16%. Terms of the SBC deal were not disclosed. The equity sale will close in the first quarter of 2002.