01 May 2024
SES to Acquire Intelsat for $3.1 Billion
SES and Intelsat S.A. have reached an agreement where SES will acquire 100 percent of the equity of Intelsat Holdings for $3.1 billion (€2.8 billion) in cash, along with certain contingent value rights.
The merger will provide increased resources for innovation investment, and leveraging the combined talent, expertise and track record of both brands, the company said in a statement.
The transaction, unanimously approved by both companies’ boards, is subject to regulatory clearances and customary provisions for cooperation, expected to be obtained by the second half of 2025. It aligns with SES’s financial policy and anticipates synergies worth 85 percent of the total equity value.
https://cruiseindustrynews.com/cruise-news/2024/04/ses-to-acquire-intelsat-for-3-1-billion/