Lawyers working for billionaire Richard Branson's Virgin Group and its affiliated operating companies have had a busy week so far. On Tuesday Virgin announced the sale of Virgin Mobile USA to joint venture partner Sprint Nextel in a stock swap valued at $483 million. Less than an hour later, Virgin announced that an Abu Dhabi investment fund had agreed to pay $280 million for a 32 percent stake in its commercial space travel venture, Virgin Galactic.
July 30, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Lawyers working for billionaire Richard Branson’s Virgin Group and its affiliated operating companies have had themselves a busy past few days.
On Tuesday Virgin announced the sale of Virgin Mobile USA to joint venture partner Sprint Nextel in a stock swap valued at $483 million. Less than an hour later, Virgin announced that an Abu Dhabi investment fund had agreed to pay $280 million for a 32 percent stake in its commercial space travel venture, Virgin Galactic.
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