WASHINGTON, May 24- An influential U.S. senator expressed strong concerns on Friday about Japanese company SoftBank Corp's plan to buy 70 percent of Sprint Nextel, warning it could expose the United States to Chinese cyber attacks.
OVERLAND PARK, Kan.-- Sprint Nextel Corp. and Japan's SoftBank said Thursday that Softbank's acquisition of a majority stake in the wireless company has cleared all necessary state regulatory hurdles. Softbank has a $20.1 billion deal with Sprint to buy 70 percent of the company. Sprint's shares rose 1 cent to $7.31.
NEW YORK, May 23- Sprint Nextel and SoftBank Corp said on Thursday they had received all necessary state regulatory approvals for the Japanese company's proposed $20.1 billion purchase of 70 percent of Sprint.
May 23- SoftBank Corp would appoint a "security director" to Sprint Nextel Corp's board if its takeover bid succeeds and give the U.S. government right of approval on the appointment in hopes of easing national security concerns raised by the proposed deal.
WASHINGTON/ NEW YORK, May 22- Dish Network Corp is ramping up its Washington- centric campaign to thwart Japanese firm SoftBank Corp's bid for Sprint Nextel Corp, hoping to convince lawmakers and government reviewers that it poses national security risks.
*Clearwire says Sprint offer best option, sets May 31 vote. Clearwire announced its decision to support majority shareholder Sprint a day after Sprint raised its offer for the almost 50 percent of the company it does not already own to $3.40 per share from $2.97 per share.
May 22- Dish Network Corp has rolled out an advertising campaign suggesting a deal by a Japanese company to acquire Sprint Nextel Corp could threaten U.S. national security, hoping to sway lawmakers and win support for its rival offer.
ESPN, the sports channel that is Walt Disney's most profitable unit, is cutting 300 to 400 jobs across the company and closing a small Denver office, a source said.
May 21- Sprint Nextel Corp raised its buyout offer for wireless service provider Clearwire Corp to $3.40 per share on Tuesday under pressure from activist shareholders, but the new bid failed to impress several big investors.
May 21- Sprint Nextel Corp raised its buyout offer for wireless service provider Clearwire Corp to $3.40 per share, but the new bid was not high enough to impress some investors. Clearwire shares almost immediately traded around the new offer price, having consistently traded well above the old $2.97- per-share bid.
*SoftBank slips, Sprint permitted discussions with Dish. TOKYO, May 21- Japan's Nikkei share average edged up to a fresh 5-1/ 2- year high on Tuesday, reversing earlier losses, as retail investors scooped up underperforming stocks such as Sharp Corp and Tokyo Electric Power Co Inc.
TOKYO, May 21- Sprint Nextel Corp said its Japanese suitor SoftBank Corp granted it a waiver allowing it to consider a $25.5 billion rival bid by Dish Network Corp, as pressure mounts on SoftBank to sweeten its offer for the No. 3 U.S. wireless carrier.
TOKYO, May 21- Japan's Nikkei share average hit a 5-1/ 2- year high on Tuesday, reversing earlier losses as retail investors scooped up underperforming stocks such as Sharp Corp and Tokyo Electric Power Co Inc. percent to 15,369.13 after trading as high as 15,388.37, its best mark since December 2007.
May 20- U.S. satellite company Dish Network Corp has offered to buy bankrupt broadband company LightSquared Inc's radio frequencies for $2 billion, Bloomberg said, quoting people familiar with the bid. Dish Chairman Charlie Ergen made the offer on May 15 and LightSquared has until May 31 to accept or reject it, the news agency said.
WASHINGTON, May 17- Tom Wheeler, nominated to become the new chairman of the Federal Communications Commission, pledged to divest stakes in AT&T Inc, Dish Network Corp, Google Inc and dozens of other tech and telecoms companies if he is confirmed.