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An announcement from Gogo ( (GOGO) ) is now available.
Gogo Inc. has made a strategic move to acquire Satcom Direct, intending to become the only provider capable of meeting the diverse connectivity needs of the global business aviation and military/government mobility markets. The deal, valued at $375 million in cash and 5 million Gogo shares, with additional performance-based payments of up to $225 million over four years, is set to close by the end of 2024. This acquisition is anticipated to be immediately beneficial to earnings and cost synergies, positioning Gogo to offer integrated satellite solutions and expand its market presence significantly.
For detailed information about GOGO stock, go to TipRanks’ Stock Analysis page.