Dish Makes $25.5B Offer for Sprint

Deal would trump existing agreement with SoftBank

Charlie Ergen finally answered all the speculation
surrounding his recent moves to acquire giant piles of cash on Monday,
launching an unsolicited $25.5 billion bid for wireless giant Sprint Nextel.

In a statement issued early Monday morning, Dish said it
would offer $7 per share in cash and stock for the third largest wireless
player in the U.S., consisting of $4.76 in cash and stock (0.059 Dish shares
per Sprint share) representing about 32% in the combined company.

According to Dish, the deal will consist of $17.3 billion in
cash and $8.2 billion in stock. Dish said it will fund the cash portion of the
deal with $8.2 billion of cash on hand and additional debt financing. Barclays
is serving as financial adviser to Dish.

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