U.S.-based Viasat on Monday agreed to buy British rival Inmarsat in a deal worth $7.3 billion, as it seeks to broaden its offerings of satellite- and land-based communications services.
The deal comes two years after Inmarsat was taken private in a $3.4 billion transaction by a consortium of UK-based Apax partners, U.S.-based Warburg Pincus and two Canadian pension funds.
The takeover offer includes $850 million in cash, about 46.4 million shares …
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Source: The Loadstar