Tricia Duryee
Jun 27, 2008 3:28 PM
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…
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Mobile, Money, M&A & Venture Capital, Mergers & Acquisitions, dan schulman, helio, virgin mobile usa
Joseph Weisenthal
Jun 27, 2008 8:37 AM
As we have been reporting since the start of these talks, Virgin Mobile (NYSE: VM) has announced the acquisition of troubled MVNO Helio. The acquisition will cost Virgin Mobile a ridiculously low price of $39 million paid in limited partnership units equivalent to 13 million of its shares, currently valued…
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Mobile, Money, M&A & Venture Capital, Mergers & Acquisitions, helio, sk telecom, virgin mobile usa
Tricia Duryee
Jun 20, 2008 5:19 PM
A slew of rumors about Helio and Virgin Mobile (NYSE: VM) are emerging this afternoon ... none of these seem to be vetted for truthfulness, but that hasn’t stopped a parade of bloggers from following a post by Engadget, which reports that Helio’s stores are closing, SK Telecom (NYSE: SKM)…
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Mobile, helio, virgin mobile usa
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