Spint Nextel Corporation

For $483 million dollars, Sprint Nextel Corporation acquired Virgin Mobil USA. This boosts their presence in the market for customers who pay for cell phone service month to month. This acquisition was announced in July and Tuesday Virgin Mobil shareholders voted in favor of the acquisition. This pays them $5.80 in Sprint stock for each Virgin Mobile share. The deal also retires approximately $223 million of their debt. They offer service to 5.2 million subscribers at present, so that really ads to Sprint.