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ORBCOMM, Inmarsat to Share SkyWave M2M Business Under $130M Deal

ORBCOMM (NASDAQ: ORBC) will buy Inmarsat partner SkyWave Mobile Communications under a $130 million transaction as part of ORBCOMM’s efforts to add new operational and manufacturing tools in its machine-to-machine offering, SatNews reported Thursday. The potential acquisition will be in the form of $122.5 million in cash and a $7.5 million promissory note for some of Inmarsat’s shares in …

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