Who is mystery firm who tried to buy Virgin Mobile USA?
Word has it via cellular-news; a 2nd mysterious firm has tried to purchase Virgin Mobile USA during the talks which lead to Sprint taking over Virgin Mobile.
It has emerged via an SEC filing issued by Sprint that negotiations between both companies began late in 2008 and constituted of several meetings. Back in March this year Virgin Mobile USA directors along with Deutsche Bank representatives discussed alternatives for Virgin Mobile specifically their potential acquisition by Sprint, and a timeline for approaching the mystery bidder referred to as “Company X.”
During said meeting, Deutsche Bank noted amongst potential acquirers in the market, Company X was other than Sprint, the most interested in purchasing Virgin Mobile, and on May 16th Company X executed a non-disclosure agreement with Virgin Mobile, and on July 24th Company X withdrew its offer for Virgin Mobile.