(Reuters) - SoftBank Corp has asked investment banks not to finance a rival bid for Sprint Nextel Corp by Dish Network Corp, saying doing so could hurt their chances of gaining a coveted role in the highly anticipated public offering of Alibaba Group Holding Ltd, according to two people with knowled Full story
TOKYO/NEW YORK (Reuters) - SoftBank Corp President Masayoshi Son came out swinging on Tuesday against Dish Network Corp's rival bid for Sprint Nextel Corp, saying the satellite TV company would cripple Sprint with debt and was ill-prepared to run a wireless service. Full story
(Reuters) - Sprint Nextel Corp <S.N> has set June 12 as the tentative date for a special meeting for shareholders to vote on its proposed $20.1 billion deal with SoftBank Corp <9984.T>, according to a document it said it filed with U.S. regulators. Full story
The "Squawk on the Street" news team reports on today's top business headlines, including the sell-off in commodities; and Dish Network's informal bid for Sprint Nextel.
Chris King, Stifel Nicolaus, says DISH Network's informal bid to acquire Sprint Nextel for $7 per share in a deal worth $25.5 billion could spark a bidding war.
DISH Network has made an informal offer to acquire Sprint Nextel for $7 per share in a deal worth $25.5 billion, according to the Wall Street Journal, reports the "Squawk Box News crew.
CNBC's David Faber reports the details of Japan's Softbank buying 70 percent of U.S. mobile carrier Sprint Nextel for $20.1 billion - the most a Japanese firm has spent on an overseas acquisition.
Discussing whether the rally is set to resume, with the FMHR traders. John Stoltzfus, Oppenheimer, shares his view on the markets and CNBC's Bertha Coombs weighs in on Softbank talks to buy a 75 percent stake in Sprint Nextel.
Softbank Corp President Masayoshi Son speaks during a news conference in Tokyo May 7, 2013. Son said he will travel to the United States on Tuesday night to discuss the proposed takeover of Sprint Nextel Corp with its major shareholders. REUTERS/Yuya Shino (JAPAN - Tags: BUSINESS SCIENCE TECHNOLOGY
Softbank Corp President Masayoshi Son speaks during a news conference in Tokyo April 30, 2013. Son said on Tuesday that the company has heard from U.S. authorities that the approval process for its Sprint Nextel Corp deal is moving smoothly. REUTERS/Yuya Shino (JAPAN - Tags: BUSINESS TELECOMS)
Softbank Corp President Masayoshi Son smiles during a news conference in Tokyo April 30, 2013. SoftBank Corp President Masayoshi Son said on Tuesday that the company has heard from U.S. authorities that the approval process for its Sprint Nextel Corp deal is moving smoothly. REUTERS/Yuya Shino (JAP