Dish Network bails on Sprint deal
Dish gives up their plans to buyout Sprint, but will still focus on their offer for Clearwire
Dish Network has declined to submit a new bid in their on-again, off-again plan to acquire Sprint, and will miss the June 18 deadline. This opens the way for SoftBank to carry out their original plans to buy a significant portion of the U.S. carrier, pending regulatory approval of course.
In a statement released today, Dish says they are unable to submit a bid by the deadline because Sprint has "made it impracticable for Dish to submit a revised offer by the June 18th deadline". The company will consider their other options to strike some sort of a deal with Sprint, and will continue to focus on a separate offer for Clearwire.