Skip to main content
Advertising

Originally published Friday, June 21, 2013 at 9:16 AM

  • Share:
           
  • Comments (0)
  • Print

Dish abandons Sprint acquisition efforts

Satellite TV operator Dish Network Corp. is officially abandoning its efforts to acquire Sprint Nextel Corp.

The Associated Press

Most Popular Comments
Hide / Show comments
No comments have been posted to this article.
Start the conversation >

advertising

Satellite TV operator Dish Network Corp. is officially abandoning its efforts to acquire Sprint Nextel Corp.

The Englewood, Colo., company filed regulatory documents Friday formalizing the retreat it announced earlier this week. The move leaves Sprint free to accept what it considers a superior offer from Japan's Softback.

Dish and Softbank were competing to acquire the wireless carrier since April. Sprint opted for Softbank's $21.6 billion offer for 78 percent of the company, versus Dish's $25.5 billion bid for all of Sprint.

In the Securities and Exchange Commission filing, Dish said it has abandoned its efforts and plans to redeem $2.6 million in outstanding senior debt.

Dish previously said it will continue to focus on its bid for Clearwire, a wireless network operator in which Sprint has a majority stake.

News where, when and how you want it

Email Icon

Meet the winemakers

Meet the winemakers

View video interviews, conducted by The Seattle Times wine writer Andy Perdue, profiling five of our state's top winemakers.

Advertising

Advertising


Advertising
The Seattle Times

The door is closed, but it's not locked.

Take a minute to subscribe and continue to enjoy The Seattle Times for as little as 99 cents a week.

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►