Category: 245m
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Gilat to acquire US co Stellar Blu for $245m
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Israeli company Gilat Satellite Networks Limited (Nasdaq: doctrine; level:doctrine) announced the signing of a definitive agreement to acquire San Diego-based in-flight Internet company Stellar Blu. Gilat will pay $98 million upon closing of the deal and another $147 million subject to commercial and financial milestones. Gilat already provides solutions in…