SoftBank Rolls Toward $20B Sprint Deal, But Dish Looms

Law360, New York (April 19, 2013, 1:53 PM EDT) -- SoftBank Corp. continues to push along its $20.1 billion bid for Sprint Nextel Corp., raising up to $3.3 billion in debt and racking up its 22nd of 23 required state approvals on Thursday, even as a rival bid from Dish Network Corp. threatens to spoil the fun.

SoftBank raised up to $3.3 billion in a global debt offering led by Deutsche Bank AG, according to a regulatory filing. And much like another of the year's megadeals, the buyout of H.J. Heinz Co., SoftBank has opted for...
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