Viasat has announced the completion of its acquisition of Inmarsat.

The merged company strengthens its position in the satellite communications industry, enabling continued growth in a dynamic and competitive market. Through the integration of assets, the company anticipates accelerating innovation in global satellite connectivity. Viasat has confirmed that its international business headquarters will be located in London, while its corporate headquarters will remain in Carlsbad, California. As per the purchase agreement, Inmarsat's shareholders received a cash amount of US$551 Million, subject to adjustments, and approximately 46.36 Million shares of common stock upon the transaction's closing. 

Viasat received financial advisory services from PJT Partners, while Latham & Watkins LLP and Linklaters served as legal advisors. Inmarsat, on the other hand, received financial advisory services from Barclays, J.P. Morgan Securities plc, and Trinity Advisers. Kirkland & Ellis, Clifford Chance, and Steptoe & Johnson LLP acted as legal advisors to Inmarsat and its majority shareholders.