Dish Network Makes $25.5 Billion Bid for Sprint Nextel
The pay-TV operator Dish Network said on Monday that it had submitted a $25.5 billion bid for Sprint Nextel. The move is an attempt to scupper the planned takeover of Sprint Nextel by the Japanese telecommunications company SoftBank, which agreed in October to acquire a 70 percent stake in the American cellphone operator in a complex deal worth about $20 billion.