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> Exclusive: Softbank asks banks not to finance Dish's Sprint bid - sources |  |
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Exclusive: Softbank asks banks not to finance Dish's Sprint bid - sources |
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05/10/2013 at 17:24:17 |
 (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 knowledge of the matter. Japanese telecom giant SoftBank, which is a big shareholder in Chinese e-commerce giant Alibaba with a 33 percent stake, is locked in an escalating bidding war with Dish, after the U.S. satellite TV provider made a $25.5 billion proposal for Sprint in April. ...
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