Softbank says Dish offer for Sprint ‘illusory’

Published April 30, 2013 4:56pm ET



NEW YORK (AP) — The CEO of Softbank, the Japanese cellphone carrier trying to buy a majority ownership in Sprint, said Tuesday that a competing bid from Dish is based on “incomplete and illusory” numbers.

Dish Network Corp. has characterized its $25.5 billion bid for Sprint Nextel Corp. as superior to Softbank’s. In a presentation Tuesday in Tokyo, monitored through a recorded webcast, Softbank Corp. CEO Masayoshi Son said the comparison is not “apples to apples” and omits crucial factors.

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