DISH-SOFTBANK PURSUIT OF SPRINT HAS POSITIVE IMPLICATIONS FOR APPLE $DISH $S $VZ $AAPL $CLWR
This morning, Dish Network started a takeover battle for Sprint. Dish is offering $7 per share which includes $4.76 in cash and the rest in Dish stock. Sprint has an existing deal to be acquired by SoftBank of Japan. Both offers from SoftBank and Dish are expensive because they represent about 5 times 2013 EBITDA of Sprint.
SoftBank offered a very attractive deal for Sprint similar to what many investors are clamoring for Dell. Under the deal, SoftBank is to acquire a 70% stake in Sprint and the remaining will be publically traded. Investors like this structure because they are able to cash out a large portion of their holdings but at the same time are able to participate in future growth.… Please click here or the title below to read more.