Sprint Buys Virgin Mobile Now

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

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 buys virgin mobile

As part of the agreement, Sprint retired up to $205 million of Virgin Mobile’s outstanding debt. Sprint paid approximately $483 million in stock to