SoftBank Get U.S. Congressional Clearance – Dish Tries An End Run
May 30, 2013 at 15:02 PM EDT
Japanese telecommunications company, SoftBank, received the all-clear Tuesday regarding its proposed $20.1 billion takeover of Sprint Nextel (NYSE: S ) , according to Bloomberg . As momentum builds in favor of SoftBank, Dish Network (NASDAQ: DISH ) and its $25.5 billion offer increasingly becomes the odd man out. The