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SoftBank hikes bid for Sprint to $21.6 billion

2013-06-11 16:15:18| InfoWorld: Top News

SoftBank has sweetened its bid for Sprint Nextel, increasing its total offer to about $21.6 billion and boosting the amount of cash Sprint shareholders would get. The Japanese service provider and Sprint announced the amended deal late Monday. In the same press release, they said a special committee of Sprint's board has ended its talks with rival bidder Dish Network and doesn't expect Dish to come up with a better offer than SoftBank's.

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