Seeking Alpha

DISH moves closer to getting financing for its $25.5B bid for Sprint (S), receiving signed...

DISH moves closer to getting financing for its $25.5B bid for Sprint (S), receiving signed commitment letters from 5 banks for $9B, reports the WSJ. Dish hasn't yet paid commitment fees as Charlie Ergen is waiting for Sprint's board to declare Dish's offer potentially superior to SoftBank's (SFTBF.PK) $20.1B bid. Earlier, Dish responded to SoftBank's touting of the benefits of it gaining control of Sprint.
Comments (4)
  • Bill Maurer
    , contributor
    Comments (4870) | Send Message
     
    Should that be $9 billion, not million?
    23 May 2013, 10:29 PM Reply Like
  • Philip Marlowe
    , contributor
    Comments (1023) | Send Message
     
    Dish is making a lot of noise but not paying much fees. Anyone can talk big, the trick is to put your money where your mouth is. Softbank is often accused of underpaying but they put they delivered all the loan agreements for all the money and they are ready to handover all the money when the FCC clears the deal. Furthermore, Softbank have already injected money into Sprint -- currently Sprint is running on Softbank loans.

     

    So if DISH wants to be taken seriously they have to show the money. Cash (or, as the present case may be, banker commitments) talk louder than words. And Sprint's management will not abandon Softbank for mere words. They need Softbank's cash to operate.
    23 May 2013, 10:36 PM Reply Like
  • TA_Junkie
    , contributor
    Comments (26) | Send Message
     
    The weekly chart shows a classic cup and handle pattern suggesting a target of $9.5. Any bids lower than $9.5 is a big ripoff of Sprint's shareholders.
    24 May 2013, 12:45 AM Reply Like
  • Gerard Hallaren, CFA
    , contributor
    Comments (253) | Send Message
     
    Before SoftBank borrowed dime 1, it had Sprint's board approval.
    24 May 2013, 12:57 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|