Japanese cellphone company SoftBank Corp. has finally loosened its proposed terms with Sprint Nextel Corp. (S), providing the latter a scope to consider DISH Network’s (DISH) bid. Although, Sprint had previously drawn a waiver from SoftBank to seek more information on DISH’s proposal, it did not receive any relaxation on terms that would allow it to disclose non-public information. Further, Sprint was also not allowed to consider the acquisition bid offer from DISH. In Oct 2012, it was reported that the company was in negotiations to sell about 70% of its stake to Softbank for a total consideration of $20.1 billion. However, this offer was trumped by DISH which made a counter offer of $7 per share (inclusive of $4.76 in cash and 0.05953 shares in DISH for each Sprint
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