Fergie's Tech Blog

Justice Dept. Clears PanAmSat-Intelsat Deal

A Reuters newswire article, via The Washington Post, reports that:

Intelsat Ltd. said on Friday the Department of Justice is not seeking any conditions on its proposed merger with PanAmSat Holding Corp. and is closing an antitrust investigation on the deal.

Intelsat said the transaction, in which Intelsat is to acquire PanAmSat for $25 per share, or $3.2 billion, remains under review by the Federal Communications Commission.

posted by Fergie @ 5/26/2006 08:21:00 AM