Dish Network announces $25.5B bid for Sprint - KYTX CBS 19 Tyler Longview News Weather Sports

Dish Network announces $25.5B bid for Sprint

Posted: Updated:

(CNN) - There could be a bidding war for Sprint Nextel.

Dish Network announced today it has bid more than $25 billion to buy the cellphone company. The move is an attempt to derail an offer by Japanese tech company, Softbank. Last fall, Sprint agreed to sell a 70-percent stake to Softbank for $20 billion.

Sprint did not have an immediate comment on Dish's bid. Its stock shares shot up 13-percent in premarket trading today on the announcement.

Powered by WorldNow

CBS19, MYTX & KCEB
2211 ESE Loop 323
Tyler, TX 75701
Phone (903) 581-2211
Fax (903) 581-5769

Powered by WorldNow
All content © Copyright 2004 - 2014, WorldNow and KYTX, Owned and Operated by London Broadcasting Company.
All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.