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Dish makes $25.5B offer to buy Sprint, countering Softbank

There is finally an answer to what Charlie Ergen and Dish Network ( NASDAQ: DISH) intend to do with the company’s $10 billion cash pile: buy Sprint Nextel ( NYSE:S). Dish has made an offer worth $25.5 billion to buy 68 percent of Sprint, countering Japanese operator Softbank’s $20.1 billion deal to buy 70 percent of Sprint.

Full article by Phil Goldstein on fiercewireless.com