Viasat Acquisition of Inmarsat Approved by European Commission
The $7.3 billion deal is expected to close by the end of May
CARLSBAD, Calif. & LONDON—Viasat has announced that the European Commission has unconditionally approved Viasat's $7.3 billion acquisition of Inmarsat.
The key European approval for the deal follows the recent U.K. Competition & Markets Authority's clearance on May 9, 2023, and a May 19 FCC decision to approve the deal.
After clearing those regulatory hurdles, Viasat reported that it is working to close the transaction by the end of May 2023.
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George Winslow is the senior content producer for TV Tech. He has written about the television, media and technology industries for nearly 30 years for such publications as Broadcasting & Cable, Multichannel News and TV Tech. Over the years, he has edited a number of magazines, including Multichannel News International and World Screen, and moderated panels at such major industry events as NAB and MIP TV. He has published two books and dozens of encyclopedia articles on such subjects as the media, New York City history and economics.
By Tom Butts
By Tom Butts