Tag: Mergers And Acquisitions
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Calian to Acquire Galaxy Broadband in Deal Worth Up to C$52 Million
Calian Group has agreed to acquire Canadian satellite communications provider Galaxy Broadband Communications in a transaction valued at up to C$52 million (US$36.6 million), expanding its communications and connectivity business. The acquisition includes an upfront payment of C$24 million (US$16.9 million), with up to C$27.5 million (US$19.3 million) in additional earnout payments tied to performance…
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Musk Weighs Options to Consolidate SpaceX With Tesla or xAI, Sources Say
Elon Musk has held internal discussions about potentially consolidating parts of his business empire, including exploring whether SpaceX could merge with Tesla or absorb his artificial intelligence startup xAI, according to company filings and sources cited by Reuters and Bloomberg. SpaceX has evaluated the feasibility of a combination with Tesla, an idea that some investors…