The satellite television company blamed Overland Park-based Sprint and its revised agreement to be acquired by SoftBank Corp. Sprint had set the deadline for Dish’s “best and final offer” after rejecting an earlier proposal from Dish as one it could not act on.
Approval by the Committee on Foreign Investment in the United States gets the $20.1 billion deal closer to a July consummation. Clearance included a deal to let the U.S. government approve a “security director” who would be a member of Sprint’s board.
The Committee on Foreign Investment in the U.S. and the two companies reached an security agreement following a thorough review of the proposed transaction, according to a person familiar with the matter. The agreement, which could be announced any time, would remove a hurdle to the deal to give Tokyo-based SoftBank control of Sprint.
