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Unnamed Suitor Competed with Sprint for Virgin Mobile

Article Comments  34  

Sep 4, 2009, 8:00 AM   by Eric M. Zeman

According to documents filed with the SEC, a second company pursued Virgin Mobile USA earlier this year. The firm, only referred to as Company X in the filings, made several bids for Virgin Mobile against Sprint Nextel. Virgin's board of directors decided that PCS licensing issues and Sprint's on-going relationship with Virgin made it a better match. The board also believed Sprint Nextel would block Company X -- called a strategic competitor of Sprint Nextel -- from making the acquisition. Company X withdrew its last bid for Virgin on July 24, and Virgin Mobile USA and Sprint Nextel made the acquisition announcement on July 28. The deal is worth about $483 million.

more info at Cellular News »

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Subject Author Date
virgin mobile stickdude182 Sep 6, 2009, 5:08 PM
i know who it was. techjunky Sep 8, 2009, 8:17 AM
Identity Azeron Sep 5, 2009, 1:17 AM
Alright alright Disrespect Sep 4, 2009, 8:30 AM
 
 
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