Viasat Moves to Acquire RigNet for $222M to Diversify Portfolio
Viasat has entered into a definitive agreement to acquire RigNet, a provider of ultra-secure, intelligent networking solutions and specialized applications. Viasat will purchase the company in an all-stock transaction worth approximately $222 million. “With the acquisition of RigNet, we are accelerating the diversification of our connectivity portfolio and establishing a global foundation for expansion of our remote enterprise service offerings,†said Rick Baldridge, Viasat's president and CEO.Â