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0.000720461095100849 -0.00288184438040352 -0.00216138328530255 -0.00936599423631129 -0.00792507204610947 -0.0151296829971182 -0.0187319884726225 -0.0187319884726225
Stock impact report

Will GOGO Stock Benefit From Satcom Direct Buyout Deal? [Yahoo! Finance]

Gogo Inc. (GOGO) 
Last gogo inc. earnings: 3/13 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.gogoair.com/investor-overview
Company Research Source: Yahoo! Finance
Gogo Inc. GOGO recently announced a definitive deal to acquire Satcom Direct for $375 million cash and five million GOGO shares at closing. In addition, Satcom Direct is entitled to receive an additional $225 million contingent to certain performance thresholds over the next four years. Satcom Direct has an extensive international sales and service footprint and operates as the leading global Business Aviation (BA) geostationary (GEO) satellite in-flight connectivity service provider. With this deal, Gogo aims to establish itself as the only in-flight connectivity provider that can address the performance and cost requirements of the global BA and military and government mobility markets. GOGO Expanding Footprint in the Business Aviation Market The demand for inflight connectivity has witnessed exponential growth as passengers expect reliable connections for seamless connectivity for streaming, web browsing and more. Gogo's advanced 5G network, supported by more than 159 sites, Show less Read more
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