SoftBank Blocks Dish With Sweetened $21.6B Bid for Sprint

Law360, New York (June 11, 2013, 12:54 PM EDT) -- SoftBank Corp. increased its bid for Sprint Nextel on Monday to $21.6 billion, offering more cash to investors and all but ending a two-month fight with Dish Network Corp. for the wireless network operator.

The revised bid, which is largely backed by Sprint officials, follows a hostile tug of war between Dish and Japan's SoftBank since Dish's $25.5 billion cash-and-stock bid in April for all of Sprint's shares, which has shifted in SoftBank's favor. The sweetened offer — a $1.5 billion increase — ups SoftBank's proposed...
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