Browsing All posts tagged under »merger«

Sprint buys Virgin Mobile

July 28, 2009

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Sprint Nextel Corporation and Virgin Mobile USA, Inc., announced Tuesday morning that their boards of directors have approved a definitive agreement for Sprint to acquire Virgin Mobile USA for approximately $483 million. This acquisition will strengthen Sprint’s position in the growing prepaid segment by bringing together under one umbrella: Virgin Mobile and Boost Mobile. “The acquisition of Virgin […]