Harbinger In Talks With Inmarsat
[Satellite Today 07-07-08] Inmarsat PLC confirmed press speculation that it is in talks with Harbinger Capital Partners about a potential bid for the satellite operator, Inmarsat said July 7.
“The company confirms it has received a very preliminary approach made on behalf of funds managed by Harbinger which may or may not lead to an offer being made for the company,” Inmarsat said. “Discussions between the parties are at a very early stage, and there can be no certainty that any offer will ultimately be made for Inmarsat or as to the terms of any such offer.”
Harbinger was among a group of companies that invested $300 million in TerreStar Corp. in February, and in January, Harbinger was among a group that invested $150 million in SkyTerra Communications Inc., the parent company of Mobile Satellite Ventures.