The stock deal, a bid to expand Sprint’s prepaid cellphone offerings, represents a 31 percent premium to Virgin Mobile’s Monday closing share price of $4.21.
author By BLOOMBERG NEWS, source www.nytimes.com
To promote the start of Virgin Mobile’s new cellphone service in India, Richard Branson acted in a 20-minute Bollywood movie.
author By JANE L. LEVERE, source www.nytimes.com