Sprint Nextel has received approval from SoftBank to continue talking to Dish Network about its rival takeover offer, the carrier said Monday.
Sprint has already agreed upon a deal in which it would merge with SoftBank, a wireless carrier based in Japan. But Dish last week launched a sweetened $25.5 billion bid for Sprint.
The carrier said Monday that it had gotten a waiver from SoftBank to clarify and obtain additional information on the Dish proposal. Sprint is now able to enter into a non-disclosure agreement with Dish, although it is not able to provide Dish with non-public information. … Read more