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Viasat to Buy Inmarsat for $4 Billion in Satellite Deal Boom

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Viasat Inc. has agreed to purchase Inmarsat Group Holdings Ltd for $4 billion, creating the world’s biggest geostationary satellite company.

Carlsbad, California-based Viasat will buy Inmarsat for $850 million in cash and $3.1 billion in stock, and will assume $3.4 billion in debt, according to a statement from the companies Monday.