Dish and Sprint start due diligence
May 21, 2013
By Chris Forrester
Charlie Ergen’s attempt to buy cellular giant Sprint isn’t a done deal just yet, but Dish Network’s move on Sprint has certainly moved to the next level. Sprint has agreed to permit Dish Network to view “certain non-public information” and to “engage with Dish in discussions and negotiations” regarding the merger proposal made on April 15th.
“We look forward to engaging in full due diligence and continued discussions with Sprint. We remain confident that this process will confirm the superiority of our proposal, the reasoning behind our synergy projections and our vision for a competitively superior DISH-Sprint,” said Dish chairman Charlie Ergen.