Intelsat announced the successful closing of the amalgamation under Bermuda law of Intelsat and a subsidiary of Zeus Holdings Ltd. (“Zeus”) late last Friday. As a result of the closing of the transaction, those organizations and individuals that held shares in Intelsat immediately prior to the closing are entitled to receive $18.75 in exchange for each such share. The total value of the transaction, including approximately $2 billion of existing net debt, was approximately $5 billion.