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Sprint is now on the prowl with their new purchase, Virgin Mobile. That’s right, Sprint is buying out Virgin Mobile for a pretty hefty price, $483 million and are putting them together with previously purchased companies such as Boost Mobile. Sprint has also announced they they’ll finish pay off the $248 million debt owed by Virgin Mobile.

As for the public shareholders, they won’t lose out either and will receive $5.50 per share. The Chief executive officer of Virgin Mobile, Dan Schulman, will now be running the Sprint prepaid business. This sounds great for customers who will receive more features and better services from these companies. Spring looks like it’s making some moves. Will it be enough to reduce the amount of defective customers? Sprint is hoping this new acquisition will give them better assets and more customers to allow them to continue to move up in the battle of the carriers.

(Via Engadget)


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Oh no. Well at least Virgin will still have control. Spirit screws up everything.

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