Sprint Buys Virgin Mobile Today

Sprint paid approximately $483 million in stock to bring Virgin Mobile fully into the fold.

The wireless landscape just shifted in a big way. Sprint Nextel has officially closed its acquisition of Virgin Mobile USA, a move that doubles down on the thriving prepaid segment. In an economy where consumers are increasingly value-focused, Sprint is positioning itself to lead the "no-contract" revolution. sprint buys virgin mobile

The acquisition of by Sprint Nextel completed on November 24, 2009 , in a deal valued at approximately $483 million . This move consolidated Sprint's position in the fast-growing prepaid wireless market, combining the iconic Virgin brand with Sprint’s existing Boost Mobile business. Sprint paid approximately $483 million in stock to

Blog Post Idea: Sprint Dials Into Prepaid with Virgin Mobile Acquisition Blog Post Idea: Sprint Dials Into Prepaid with

Dan Schulman, former CEO of Virgin Mobile USA, will now head Sprint’s combined prepaid division, overseeing both the Virgin and Boost Mobile brands . Sprint to acquire Virgin Mobile | The Seattle Times