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ViaSat granted regulatory approval of WildBlue Communications acquisition.
Satellite and networking systems company ViaSat Inc (NASDAQ:VSAT) informed that its planned acquisition of satellite broadband service provider WildBlue Communications Inc has been granted regulatory clearance.
The proposed deal has been granted early termination by the Federal Trade Commission and the Antitrust Division of the Department of Justice of the mandatory waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.
The acquisition remains subject to other regulatory approvals and closing conditions. It is expected to be completed in the fourth quarter of ViaSat’s 2010 fiscal year, ending 2 April 2010.
ViaSat informed on 1 October that it had agreed to acquire privately-held WildBlue for USD568m in cash and stock.