Join The Discussion

 

Texas has old, new candidates to offer as presidential hopefuls

The Republican Party has long been riven between its establishment and conservative wings, a split that plays out every four years in the race for the White House.

read more >

Two from Fort Worth appointed by Gov. Abbott to university boards

Steve Hicks, a University of Texas System regent who has been a vocal opponent of regents who have criticized the system’s flagship campus in Austin, was reappointed to the board by Gov. Greg Abbott on Thursday. 

read more >

Fort Worth draws closer to deal with Lancaster developer

City staff are planning to introduce the developer Feb. 3 at a meeting of the City Council's Housing and Economic Development Committee.

read more >

Compass BBVA names Happel CEO for Fort Worth

BBVA Compass has appointed Brian Happel, most recently the Fort Worth city president, its chief executive officer of Fort Worth.

read more >

Two Fort Worth Baylor medical properties acquired

Baylor Surgical Hospital of Fort Worth and Baylor Surgical Hospital Integrated Medical Facility are among three facilities acquired by Carter Validus Mission Critical REIT II Inc.

read more >

 

DiSH makes $25.5 billion bid for Sprint
NEW YORK (CNNMoney) -- Satellite TV provider Dish Network on Monday announced a $25.5 billion bid for Sprint Nextel.
The offer is an attempt to top another bid for Sprint: $20.1 billion for a 70 percent stake by Japanese tech company Softbank. That deal, made in October, was widely seen as giving Sprint a much needed cash infusion, one that staved off a possible bankruptcy filing.
Sprint said it had no comment on Dish's bid. Its shares shot up nearly 10 percent in premarket trading. Dish shares were also up 3.4 percent.
Dish said it intends to combine with Sprint to offer high-speed Internet service to millions of potential customers with inferior or no access to such service now.
The bid for Sprint would also give Dish another coveted target, wireless broadband provider Clearwire.
Dish had a brief bidding war earlier this year with Sprint for Clearwire, but Clearwire decided to accept Sprint's offer. Sprint already owned a 50 percent stake in Clearwire before the bidding war began.
In its statement, Dish said its bid for Sprint represents a 13 percent premium over the Softbank offer.
Analyst Amy Yong of MacQuarie Research said that there are many questions about Dish's plans for Sprint that make it difficult to judge who will be the winning bidder.
The wireless sector has been going through a number of deals in recent years, and Dish has reportedly been interested in finding a partner in the sector.
"Charlie's a poker player by trade," Yong said of Dish Chairman Charlie Ergen. "This might just be his way of getting all the other wireless companies talking with him."

< back

Email   email
hide
Catch
How 'bout them Cowboys?