The acquisition of the British Inmarsat for a price of 7.3 billion dollars was announced on Monday by the American Viasat, with the aim of expanding its satellite and terrestrial communication services.
The change of ownership of Inmarsat comes just two years after the London-based company went public as part of a $ 3.4 billion acquisition by a consortium of Apax (UK), Warburg Pincus (US) and two Canadian pension funds.
The acquisition will expand the range of communications services provided by Viasat, which offers connectivity and communications services to home customers and airlines and defense companies, as Inmarsat focuses on providing satellite communications services to shipping, air and government agencies, such as the Ministry of Defense. of Britain.
Under the deal, Inmarsat shareholders will receive $ 850 million in cash and about $ 46.4 million in Viasat, valued at about $ 3.1 billion, with the Nasdaq-listed US company also taking on debt service. $ 3.4 billion of the British company.
Shares of Viasat fell sharply after the announcement of the acquisition and fell more than 12% in Monday’s session.
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Source From: Capital
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