Weil, HSF Guide UK & French Satellite Cos. On $3.4B Merger
By Najiyya Budaly (July 26, 2022, 2:16 PM BST) -- French satellite operator Eutelsat and rival OneWeb said on Tuesday that they would merge in an all-share transaction that values the British business at $3.4 billion.
The French and British satellite operators have said they will merge in an all-share transaction, a day after they confirmed they were in talks to create a global outfit. (iStock.com/3DSculptor)
Shareholders in OneWeb Ltd. will own 50% of Eutelsat Communications SA under the deal, the companies said a day after they confirmed they were in talks to create a global outfit.
Eutelsat is being advised by Weil Gotshal & Manges and OneWeb is being advised by Herbert...
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