MDA Space Acquires Satixfy Communications

MDA's news release; SatixFy Communications' news release;

Details from SpaceNews MDA will pay $2.10 per SatixFy share under the deal, approved by the board of directors of both companies, representing around $193 million in total and a 75% premium to the stock’s price on March 31.

MDA also plans to pay off all of SatixFy’s $76 million debt, bringing the total cash consideration for the deal to around $269 million.

SatixFy has a 45-day “go-shop” clause under the transaction agreement that enables the company to seek out better offers until May 16.

The transaction also requires regulatory approvals, which the companies expect to clear in time to close the acquisition in the third quarter of 2025.

Stay tuned for more updates!