Virgin Mobile USA to be acquired by Sprint for $483 million
Virgin Mobile USA CEO Dan Schulman will be named the head of Sprint's prepaid business and will report directly to Sprint CEO Dan Hesse. Matt Carter will remain as head of Boost Mobile, but will report to Schulman which means that Virgin will be slightly above Boost on Sprint's new depth chart. The deal is expected to close in the 4th quarter of this year or in early 2010.
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