Japan’s SoftBank Corp said on Tuesday that it has agreed with Sprint Nextel Corp to raise its offer for the US wireless operator to US$21.6 billion (HK$167.7 billion) from a previous offer of US$20.1 billion.
The announcement came a day before a scheduled Sprint shareholders’ meeting to vote on SoftBank’s offer, which faces a challenge from Dish Network Corp’s counter offer of US$25.5 billion for Sprint, the No. 3 US mobile provider.
That meeting has now been adjourned until June 25.
via Business feed http://www.scmp.com/business/companies/article/1258301/softbank-raises-sprint-offer-shareholder-vote-delayed
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