Sprint to Buy Sling as it is merged with BB.
Dish to be sold to Sprint
Eco Star to remain with Charlie
Spectrum to be sold to highest offer - Verizon or Sprint
Each above is a WIN for Charlie and all shareholders
Just announced!!!! another new service - More to come!
Good Luck Longs
It may be a year old, but it is very Likely and you know it.
These deals take time and Son needs / wants Dish. Forcing Dish to complete purchase of Blockbuster, as it will be a great asset to the DEAL
With that said, there have been a lot of rumors in recent months regarding where Softbank might want to invest, companies it could acquire to bolster Sprint's competitive position. Some have speculated the music and entertainment industries as potential targets, but if you're Softbank CEO and billionaire Masayoshi Son, Dish Networks (NASDAQ: DISH ) is the real prize, an asset that could make a difference.
Ergen really wants it
Importantly, Dish Networks Chairman Charlie Ergen has been wanting a telecom presence for the better part of two years. Ergen tried relentlessly to block Softbank's purchase of Sprint, then he tried to acquire Clearwire before losing the bidding war to Sprint.
Ergen's acquisition attempts began after Dish's airwaves were cleared for cell phone service back in 2012. As a result, Dish then gained spectrum that's valued north of $12 billion, but without a mobile presence, that spectrum is essentially useless. Notably, spectrum is used to improve the flow of data, so more spectrum equals more reliable data speeds.
As a result, it seems reasonable that Dish Networks would welcome a bid by Softbank, strengthening Sprint's network with additional spectrum, giving Dish the telecom presence it seeks, and allowing both companies to compete with AT&T following its purchase of DirecTV (NASDAQ: DTV ) . Not to mention, with Dish and Sprint being smaller than their noted peers, Softbank is unlikely to face too much regulatory backlash.
Albeit, Dish Network's market capitalization of nearly $30 billion would make it a very pricey acquisition, not including its $13.5 billion debt position. However, Softbank is an acquisitive company, completing more than $50 billion worth of deals over the last five years. Therefore, it makes sense that Softbank could make a run at Dish, and it would definitely explain its desire to raise money so soon after the T-Mobile buyout fell apart.
Wow - Interesting
he deal will save 2,000 Blockbuster employees and 264 stores after the retailer collapsed into administration in January. A deal between Gordon Brothers and Deloitte, the administrators to Blockbuster, was agreed on Friday night and confirmed on Saturday afternoon. A source close to the deal said that it would be “business as usual” for Blockbuster following the deal, the price of which is undisclosed, despite the fact Gordon Brothers has a reputation as a liquidation specialist. Lee Manning, joint administrator, said: “Having identified a profitable core portfolio of stores we are pleased to have achieved this sale for creditors. "Together with the previously announced store sales more than half of the original estate has been secured for ongoing use. This transaction provides Blockbuster a future in the UK and we owe a special vote of thanks to all the company's employees, suppliers and customers for helping us rescue the business."
I have all that I need....... ask not enough to make it worth while
Hopefully all of us will be off this message board soon.
Dish Network Acquires Blockbuster Icon - Free Icons
2 days ago - Dish Network Acquires Blockbuster Icon.
It does as our shell represents what was not bought.
May not be valued as high today, but in the Billions for sure
Not a day trader and not spam.....
Just the Facts - been here since the beginning. Share Holder!!!