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Dish Network isn’t yet ready to let Sprint go.
Dish is still examining Sprint’s books to determine whether it wants to make another bid for the mobile carrier, Reuters is reporting on Tuesday. The trouble is, time is running out: shareholders vote on the previous acquisition bid from SoftBank later this month.
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SoftBank last year approached Sprint with an offer to acquire 70 percent of the carrier for $20.1 billion. In April, Dish countered with an unsolicited bid of $25.5 billion. Despite the jump in price and the fact that a Sprint committee evaluated the Dish offering, the board continues to recommend shareholders vote for the SoftBank deal, saying that it’s in the best interests of the company. Sprint’s board was able to make its case a bit stronger on Monday after SoftBank raised its acquisition deal to $21.6 billion.
Dish has not yet said whether it will counter with a new offer, but considering the company is still examining Sprint’s books, it wouldn’t be surprising if it comes in with a last-minute deal.
Correction at 9:21 a.m. PT: The shareholder vote is not on June 12, but later this month.
