BUSINESS BRIEFING / COMMUNICATIONS
Times Wire Reports
ViaSat Inc. is acquiring WildBlue Communications Inc., a provider of high-speed Internet access via satellite, for $568 million in cash and stock.
Privately held WildBlue, in which Liberty Media Corp. holds a 37% stake, will become an operating subsidiary of ViaSat, which makes satellite communications equipment for defense and consumer markets.
ViaSat, of Carlsbad, Calif., plans to buy WildBlue for $443 million in cash and $125 million in new common stock. Liberty will appoint a representative to ViaSat’s board.
