VIEW EVENT INFORMATION: Sprint Corporation
Sprint Puts $483 Million On The Table For Virgin Mobile USA
JUL
28
Status: Available Now!
Type: News
Date: Tuesday 28 July 2009, 07:26 AM
Media: Techcrunch

SOURCE
About the organization Sprint Corporation:
Type: Business
Sub-Types: Telecommunication, Telecommunication Hardware, Internet Service Provider
Notable Organizations: Sprint Corporation, Techcrunch
In what looks to be shaping up to be another healthy week for M&A activity, Sprint Nextel is putting more of its focus on the prepaid cell phone service market with a $483 million deal to buy out Virgin Mobile USA. The acquisition, which was announced earlier this morning, calls for Sprint to pay $5.50 in stock for each Virgin Mobile share, a 31 percent premium to the MVNO’s…
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