SoftBank is reported to be using expected Alibaba IPO to thwart DISH financing for Sprint merger.
Alibaba is the largest Chinese e-commerce site. DISH Network (DISH) is the No. 3 pay TV provider in the U.S. How is DISH's ability to complete its proposed merger with Sprint Nextel (S) possibly hinging on what investment banks get to underwrite Alibaba's expected IPO?
Watch this video from Fool contributor Dan Radovsky and see how DISH's rival for Sprint, SoftBank, is using the lure of Alibaba to try and thwart DISH.
Fool contributor Dan Radovsky has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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