We reported yesterday that Dish could be interested in making a bid on Sprint worth $25.5 billion. If the deal was formalized, Sprint would obviously have to entertain this new offer and see what Softbank has to offer them instead. For those wondering what Softbank had to say to Dish’s offer, it seems that they are relatively unfazed by the seemingly more generous offer. Softbank called Dish’s offer “highly conditional” and that they don’t expect it to get in the way and are still on track with completing their deal with Sprint this coming summer.
In a statement made by Softbank, here’s what they had to say, “Softbank believes that the agreed terms of our transaction with Sprint offer Sprint shareholders superior short- and long-term benefits to Dish’s highly conditional preliminary proposal […] The Softbank-Sprint transaction is in the advanced stages of receiving the necessary approvals, and we expect to consummate the transaction on July 1, 2013.”