[Reuters] Softbank closer to acquiring Sprint after Dish abandons bid for now

Posted by: UGN Security

[Reuters] Softbank closer to acquiring Sprint after Dish abandons bid for now - 06/20/13 09:33 PM

TOKYO/NEW YORK (Reuters) - Japan's SoftBank Corp cleared a major hurdle in its attempt to buy U.S. wireless provider Sprint Nextel Corp , as rival bidder Dish Network Corp declined to make a new offer after SoftBank sweetened its own bid last week.