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Helio

BREAKING: Virgin Mobile Acquiring MVNO Helio For A Paltry $39M In Equity; Gets $50M Cash Investment

Jun 27, 2008 12:08 PM

As we have been reporting since the start of these talks, Virgin Mobile USA (NYSE: VM) has finally announced the acquisition of troubled MVNO Helio. We originally broke the news of talks between the two companies back in May. The acquisition will cost Virgin Mobile a paltry $39 million, paid…

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Posted In: Mobile, Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, Virgin, Virgin Media, helio

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