Wednesday, November 10, 2021

Viasat Acquires Inmarsat For $7.3 Billion

Carlsbad-based satellite communications company Viasat has acquired satellite communications provider Inmarsat, in a deal worth $7.3 billion, the companies said this week. Viasat said the deal is comprised of $850.0 million in cash, approximately 46.36 million shares of Viasat common stock valued at $3.1 billion based on the closing price on Friday November 5, 2021, and the assumption of $3.4 billion of net debt. the deal will give the combined company a fleet of 19 satellites in service with an additional 10 spacecraft under construction.