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(Marketwatch)   In the race to remain in the S&P 500, Sprint finishes out of the money   (marketwatch.com ) divider line
    More: Fail, SoftBank, portfolio manager, Nielsen  
•       •       •

1482 clicks; posted to Business » on 02 Jul 2013 at 9:12 AM (2 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



11 Comments   (+0 »)
   
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2013-07-02 05:21:12 AM  
FFS
My company is now part of the S&P 500?? WOHOOOOOOOOOOOOOOOO
and why am I always the last to know?
and why dont I own any shares or options?

/fml
 
2013-07-02 09:50:39 AM  

namatad: FFS
My company is now part of the S&P 500?? WOHOOOOOOOOOOOOOOOO
and why am I always the last to know?
and why dont I own any shares or options?

/fml


Not all it is cracked up to be.  The company I work for was in the S&P before it was bought out.
 
2013-07-02 10:44:23 AM  
The story so far:

i.imgur.com

This is the story of two telcos. This one's called Sprint, and this one's called Clearwire. Sprint has a business, and Clearwire has some underutilized spectrum. When Sprint tried to buy Clearwire, Dish stepped in to buy Sprint, and when that didn't work, Dish also tried to buy Clearwire for $4.40. The Japanese firm SoftBank then rode in as a white night to buy Sprint -- but Sprint had to bump up its bid for Clearwire to $5 in order to prevent Dish from getting Clearwire's spectrum.

Confused? You won't be after this week's episode of... Soap FISH!
 
2013-07-02 10:47:54 AM  
i.imgur.com

/FFS!
 
2013-07-02 11:18:27 AM  

Twilight Farkle: The story so far:

[i.imgur.com image 640x512]

This is the story of two telcos. This one's called Sprint, and this one's called Clearwire. Sprint has a business, and Clearwire has some underutilized spectrum. When Sprint tried to buy Clearwire, Dish stepped in to buy Sprint, and when that didn't work, Dish also tried to buy Clearwire for $4.40. The Japanese firm SoftBank then rode in as a white night to buy Sprint -- but Sprint had to bump up its bid for Clearwire to $5 in order to prevent Dish from getting Clearwire's spectrum.

Confused? You won't be after this week's episode of... Soap FISH!


your a bit off on that.

Spring already owned a substantial amount of Clearwire. Softbank comes along and says hey we will buy you guys for umpteen billion, but you guy buy the rest of clearwire for the spectrum and then we can get this party started.

Dish rolls in figuring, hey we see some opportunity here to crack the mobile market, lets make a play for Clearwire.  Since Sprint has controlling interest in Clear, there is no way that deal goes through, but Dish can get enough to mess up things.Sprint then upped the offer because without Clearwire they don't get the Softbank money.

Dish then decides, "Fine lets go all in on this puppy". We cannot get Clear without Sprint so lets just buy Sprint. Well now that f's things up. Sprint rejects the offer even though it is more money than Softbank (in the short term). Sprint ups the offer to Clear outside Dish's comfort range and finishes that purchase, then softbank finishes off the Sprint deal and now we have Sprint/Softbank/Clear all as one, Dish hanging out the outside. Sprint is now sitting pretty. More money for the LTE rollout, More Spectrum from both the Clearwire deal and shutting down the iDEN networks (mmmm 800 spectrum, nom nom,nom.)

But wait for it. Dish wants in. They already have 3B invested in spectrum but no real way to use it. They need the video and internet services to keepcompeting with everyone. Time for them to buy Tmobile. It is either that or they are going to get bought buy DirectTV.

I actually think both will happen in the next year or two. Dish buys, tmo (oh and the parent company for tmo wants out, they tried to sell to ATT remember?) then dish gets bought.

Sprint is going to be a big player in the next year or so, maybe getting up into second place while everyone bolts VZW and ATT because Sprint is more reliable than Tmo, and offers unlimited everything for a decent price.
 
2013-07-02 11:57:42 AM  
Actually, the proper headline would've been:

In the S&P 500 race, Sprint fails to qualify

/because they sponsor NASCAR and all that
 
2013-07-02 12:09:38 PM  

Piizzadude: your a bit off on that.


Thanks for filling in the gaps! (I hadn't been following the soap opera very closely, especially after the second round of boosted bids...) Your analysis looks sound; I agree that with Softbank behind them, Sprint can afford to do a lot of things they couldn't do - and really want to do - before. I never quite understood how Dish proposed to make both the combined phone/satellite businesses work out; there doesn't seem to be much overlap there, but swapping the TV business for the phone business has potential.
 
2013-07-02 12:14:29 PM  
I actually think both will happen in the next year or two. Dish buys, tmo (oh and the parent company for tmo wants out, they tried to sell to ATT remember?) then dish gets bought.

additional:
Deutsche Telekom is the owner of T-Mobile, and were targeted previously by Softbank as a possible option if the deal for Sprint had fallen thru.   Currently DT cannot sell off shares of tmo stock directly until Oct 2015, due to an agreement from the merger with MetroPCS; but they are not restricted from selling the merged asset to a private buyer.
 
2013-07-02 12:17:18 PM  
How is Sprint's selling a majority stake of itself to Softbank for $21.6 billion 'finishng out of the money?'
 
2013-07-02 01:05:37 PM  

Twilight Farkle: Piizzadude: your a bit off on that.


Thanks for filling in the gaps! (I hadn't been following the soap opera very closely, especially after the second round of boosted bids...) Your analysis looks sound; I agree that with Softbank behind them, Sprint can afford to do a lot of things they couldn't do - and really want to do - before. I never quite understood how Dish proposed to make both the combined phone/satellite businesses work out; there doesn't seem to be much overlap there, but swapping the TV business for the phone business has potential.


Normally I am not all that invested in this kind of thing, but I had a serious interest in it. I ditched verizon for sprint when LTE got to my town. I needed to keep unlimited data, lower the bill wanted new devices but didnt want to go to a crappy Network like Sprint was before LTE. I was happy to hear that the money was coming in and then got worried with Dish.

Back to the article:

The only reason they are getting dropped is because of some kind of "must have a % of outstanding shares be public" clause. Nothing else.
 
2013-07-03 07:25:34 AM  
Nielsen Holdings NV NLSN +2.07% will join the S&P 500 index,....


We are truly farked when shiat companies like this make up the S&P.
 
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