User talk:Zztoprules

http://virginmobileusa.mediaroom.com/index.php?s=43&item=163

i may have caught your edit in a revert after a helio employee did a massive revert. above is the link to the deal. if you read the entire transaction you'll see there was much more money involved then the $50mil. Virgin group invested zero money, their part was an all stock transaction. the SK investment was actual money

Virgin Mobile USA also announced today that Virgin Group and SK Telecom will each invest $25 million of equity capital in the Company, creating an aggregate investment of $50 million. The investments will take the form of mandatory convertible preferred stock, convertible to Class A common stock at $8.50 per share, pending shareholder approval.

SK Telecom and Virgin Group have also agreed to provide an additional $35 million and $25 million, respectively, to increase Virgin Mobile USA's existing revolving debt facility, which will support the Company's ongoing strategic growth.