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May 1, 2013

It’s War—SoftBank CEO Slams DISH’s Proposal to Merge with Sprint

SoftBank’s CEO launched a fierce attack on DISH’s competing bid to merge with Sprint Nextel during the company’s earnings call Tues, 2 weeks after the satellite company announced its $25.5bln proposal. Calling the DISH bid “incomplete” and “illusory,” Masayoshi Son claimed the Japanese mobile carrier’s $20.1bln bid offers better value to Sprint investors. As a result, don’t count on SoftBank to up its offer. More on Son’s reasoning here.

More top stories in today's CableFAX Daily:
 
With former NCTA and CTIA chief Tom Wheeler widely expected to be named as the new FCC chmn, public interest groups comment on how they expect him to lead the agency.
 
Sportsman Channel owner InterMedia isn’t giving up on Outdoor Channel. On Tues, it delivered a written proposal to acquire Outdoor.
 
Hulu, AOL and Yahoo held newfronts and announced new programming.







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