financetom
Business
financetom
/
Business
/
EU unconditionally clears SES's $3.1 bln bid for Intelsat
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
EU unconditionally clears SES's $3.1 bln bid for Intelsat
Jun 10, 2025 9:19 AM

BRUSSELS, June 10 (Reuters) - The European Commission

said on Tuesday it had unconditionally approved the proposed

acquisition of Intelsat by SES, confirming a story

Reuters exclusively reported earlier this month.

The $3.1-billion bid made by the European satellite company

for its rival will create a major European player to rival Elon

Musk's Space X-owned Starlink.

"The Commission concluded that the transaction would not

raise competition concerns in the European Economic Area," EU's

executive arm said in a statement.

Together with other European satellite companies,

Luxembourg-headquartered SES is looking for greater scale to

compete more effectively with Starlink and Amazon's ( AMZN )

Project Kuiper.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Urban Edge Properties Insider Sold Shares Worth $5,305,421, According to a Recent SEC Filing
Urban Edge Properties Insider Sold Shares Worth $5,305,421, According to a Recent SEC Filing
Dec 6, 2024
04:42 PM EST, 12/06/2024 (MT Newswires) -- Jeffrey S Olson, Director, Chairman of the Board & CEO, on December 04, 2024, sold 233,136 shares in Urban Edge Properties ( UE ) for $5,305,421. Following the Form 4 filing with the SEC, Olson has control over a total of 1,931 shares of the company, with 1,931 shares held directly. SEC Filing:...
Market Chatter: Yes! Communities Explores Potential IPO in 2025
Market Chatter: Yes! Communities Explores Potential IPO in 2025
Dec 6, 2024
04:34 PM EST, 12/06/2024 (MT Newswires) -- Yes! Communities, a US manufactured-housing operator backed by Singapore's sovereign wealth fund GIC, is mulling a 2025 initial public offering to raise over $1 billion, Bloomberg reported Friday, citing sources. Yes! is collaborating with Goldman Sachs (GS) and plans to bring on additional underwriters in the coming months. However, no final decisions have...
Cava Group Insider Sold Shares Worth $9,483,766, According to a Recent SEC Filing
Cava Group Insider Sold Shares Worth $9,483,766, According to a Recent SEC Filing
Dec 6, 2024
04:42 PM EST, 12/06/2024 (MT Newswires) -- Theodoros Xenohristos, Director, on December 04, 2024, sold 65,000 shares in Cava Group ( CAVA ) for $9,483,766. Following the Form 4 filing with the SEC, Xenohristos has control over a total of 359,846 shares of the company, with 359,846 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1639438/000162828024050238/xslF345X05/wk-form4_1733520949.xml ...
BioAge discontinues mid-stage trial of obesity drug
BioAge discontinues mid-stage trial of obesity drug
Dec 6, 2024
Dec 6 (Reuters) - BioAge Labs ( BIOA ) said on Friday it is discontinuing its mid-stage trial studying its experimental drug as a monotherapy and in combination with Eli Lilly's ( LLY ) tirzepatide for the treatment of obesity. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved