Verizon Wireless may end up owing Apple Inc. as much as $14 billion in purchase commitments over time if the mobile carrier fails to sell an agreed number of iPhones, a report from Moffett Research LLC said.
Sprint Nextel Corp., whose investors backed a takeover by SoftBank Corp. yesterday after an eight- month fight, is now preparing to use the firepower of its soon- to-be parent company to target Verizon Wireless and AT&T Inc.
Thousands of technology, finance and manufacturing companies are working closely with U.S. national security agencies, providing sensitive information and in return receiving benefits that include access to classified intelligence, four people familiar with the process said.
Dish Network Corp.’s merger talks with Sprint Nextel Corp. collapsed after a series of disagreements, including Sprint demanding a $3 billion reverse- breakup fee, people familiar with the matter said, leaving the satellite-TV company with just a week to regroup and try again.
Dish Network Corp., the satellite-TV provider controlled by billionaire Charlie Ergen, topped Sprint Nextel Corp.’s bid for Clearwire Corp. in a move that may support its separate offer to purchase Sprint itself.
SoftBank Corp.’s latest offer for Sprint Nextel Corp. gives shareholders more cash but a smaller stake in the new company, making the valuation $1.1 billion lower, said Gerard Hallaren, an analyst at Janco Partners Inc.
Sprint Nextel Corp.’s board is considering delaying the June 12 shareholder vote on SoftBank Corp.’s takeover proposal as Dish Network Corp. works to firm up a $25.5 billion counterbid for the company, according to two people familiar with the matter.
Sprint Nextel Corp. investors should abstain from voting on SoftBank Corp.’s $20.1 billion takeover proposal, shareholder advisory firm Glass Lewis & Co. said, putting pressure on the Japanese company to raise its bid.