Virgin-Helio: Interview: VMUSA’s CEO Dan Schulman: Merger A “Transformative Deal For The Company.”
By Tricia Duryee - Fri 27 Jun 2008 01:28 PM PST
Virgin Mobile USA (NYSE: VM) today announced that they will be acquiring Los Angeles-based Helio, a competitor backed by SK Telecom (NYSE: SKM) and EarthLink, for $39 million. The deal is complicated because it also includes cash and debt infusions by SK Telecom and the Virgin Group, and a favorable new network deal with Sprint (NYSE: S). Following the announcement, I interviewed CEO Dan Schulman, who called the merger “a transformative deal for the company.” Full interview at mocoNews.net…
Posted in: Mobile, VC+M&A, Mergers & Acquisitions
Tags: dan schulman, virgin mobile usa, helio,
