image thumb134 Sprint makes news by acquiring Virgin Mobile, has eyes on making it big in prepaid market

There is quite a stir in the air as larger companies acquire others. The latest report on acquisition speaks of Sprint Nextel getting its hands on Virgin Mobile USA for $483 Million. Sprint appears quite interested in the idea of prepaid cellular service, which is why it has stepped up this deal. The deal would end up integrating Virgin Mobile with Sprint Boost service while keeping its brand name as it is and CEO, Dan Schulman will take charge as head of Sprint’s prepaid business.