Viasat acquiring Inmarsat in US$7.3B deal

CARLSBAD, Calif. and LONDON, UK — In a deal valued at US$7.3 billion, US-based global communications company Viasat is acquiring Inmarsat, a UK-based provider of global mobile satellite communications services, the two companies announced today. The transaction is comprised of US$850 million in cash, approximately 46.36 million shares of Viasat common stock valued at US$3.1 billion based on last Friday’s closing price, and the assumption of US$3.4 billion of net debt, according to a press release. The boards of directors of both companies have approved the transaction agreement. The companies expect the transaction to close in the second half of...