Carlsbadistan based satellite communication system vendor ViaSat has announced that it “has signed a definitive agreement to acquire WildBlue Communications, a privately held satellite broadband service provider, in a cash-and-stock deal valued at $568 million,” according to a story on Multichannel.com.
“By integrating ViaSat-1 and its ground network technology into the WildBlue operational and distribution platform, we believe we can meaningfully reduce our operational execution risks,” ViaSat chairman and CEO Mark Dankberg said in announcing the deal.
The transaction is expected to close in the quarter ending April 2, 2010, which is the end of ViaSat’s fiscal year. The transaction is not subject to a vote of the ViaSat shareholders.
[Link: Multichannel.com]
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