Virgin Mobile Confirms Talks With SK Telecom
By Staci D. Kramer - Wed 14 May 2008 07:34 AM PST
A day after sticking with “no comment” as a response, Virgin Mobile USA finally admits the news we broke last week—it’s in discussions with SK Telecom (NYSE: SKM). Rafat first reported last Thursday that Virgin Mobile USA was in talks with SK Telecom on possible scenarios, including a merger with Helio, the MVNO now controlled by SK Telecom. Despite other reports that followed suit, SK Telecom called the news “groundless” rumors and said it wasn’t in any kind of talks with Virgin Mobile USA (NYSE: VM). So much for that. We continue to cover the story more closely on sister site mocoNews.net.
Posted in: Mobile, VC+M&A, Mergers & Acquisitions
Tags: virgin mobile usa,
