DigitalOlympus.com Comments on the Sprint Nextel Buyout Saga Reported on the Financial Times

Posted In Business Insider, DigitalOlympus News - By Josh Cole On Friday, May 10th, 2013 With 0 Comments

New York, NY

On May 9, popular news and technology blog DigitalOlympus.com commented on an article by David Gelles in the Financial Times regarding U.S. satellite television provider Dish Network’s efforts to persuade Sprint Nextel’s board to allow them to carry out due diligence investigations on the company as part of the buyout process.

A Financial Times article revealed that Dish Network refuted what SoftBank chief executive Masayoshi Son said regarding the value of their bid, and took a more aggressive approach by trying to convince Sprint directors to grant them access to key financial information in order to conduct a thorough due diligence review.

According to the report, “By going on the offensive, Dish hopes to persuade Sprint’s board that it should be allowed to conduct due diligence on the third-largest US wireless carrier by subscribers.”

DigitalOlympus.com lead researcher Josh Cole commented on the article praising Dish Network’s determination to carry out an exhaustive due diligence investigation on Sprint Nextel’s books as part of the process to prove that their $25.5 billion bid is superior to the one from SoftBank.

“Dish’s commitment to due diligence is a key example of how business intelligence and business analytics can help improve operational decisions in an organization,” said Cole. “Enhanced decision-making can only be achieved by conducting the proper  investigations.

The Financial Times piece concluded by stating that a special committee of Sprint’s directors is conducting its own investigations in order to decide whether to request or not a formal bid from Dish Network Corporation.

As a news and technology blog, DigitalOlympus.com is committed to promoting the adoption of due diligence techniques that can aid companies to improve their decision-making process, and recommends its readers to consider engaging the services of third party professionals specialized in corporate investigations and business intelligence when needed.

About DigitalOlympus.com

Digitalolympus.com is a news blog dedicated to educating its readers on the latest technology advances. They are committed to gathering information on up and coming technologies that will enhance the lives of their readership. Digitalolympus.com is always at the forefront of technology news and events guiding its readers to accurately determine the best course of action for themselves and their businesses

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