M&A
confidence high
sentiment positive
materiality 0.90
Gogo acquires Satcom Direct for $375M cash plus 5M restricted shares
Gogo Inc.
- Base cash consideration of $375M, plus 5M restricted shares of Gogo common stock issued to SD Seller.
- Potential earnout payments may increase total consideration; working capital adjustments apply with a cap.
- Acquisition structured as purchase of all equity in Satcom Direct, SDHC, Satcom Government, and ndtHost.
- Sellers are entities affiliated with founder James W. Jensen; deal requires restructuring steps and consents.
- Closing subject to customary conditions, including regulatory approvals and completion of pre-closing restructuring.