Sprint has recently sent out a press release detailing their intentions to purchase Virgin Mobile USA. You’ll be familiar with Virgin Mobile as one of the nation’s premiere pre-paid carriers.

Anyways, the deal is apparantly set to go down for $483 million in addition to Sprint paying off +$250 million of Virgin Mobile’s debt.

There’s no word on what Sprint plans to do with the Virgin brand but we’ll find out soon enough.

Tags: aquire, Business, buyout, Cell Phones, Mobile News, Sprint, Sprint, Virgin Mobile, virgin mobile usa

It was recently announced that Systemax has made haste and snatched up both the Circuit City brand and domain name for a cool $6.5 million.

Apparently Circuit City Incorporated will stay on board and net an unspecified share of sales under the brand name.

Does this all mean that Circuit City will be making a reappearance? Possibly shifting to an online only retailer? Only time will tell.

Read (Chron)

Tags: branding, Business, Business, buyout, Circuit City, domain name, Mobile News, retailer, systemax

Rumors regarding Microsoft’s buyout of Yahoo have once again begun circulating the web. This time news comes from the New York Times who have apparently gotten in touch with some anonymous sources who say that Micrsoft and Yahoo are definitley in talks, again.

Although the first rumors were regarding a complete takeover, these new rumors point to a partial buyout or possibly even a partnership between the two companies.

Will this be enough to topple Google? Probably not, but if Microsoft and Yahoo were to merge they would be sure to give Google a run for their money.

Read (InformationWeek)

Tags: ads, advertising, Business, buyout, Google, Google, microsoft, microsoft, rumor, yahoo