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ViaSat to buy Net firm WildBlue

October 02, 2009|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.

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