inmarsat: The investor group said it would keep Inmarsat's headquarters in the UK and maintain the company's spending on research and development, according to The Guardian. Inmarsat employs 800 people at its base at Old Street roundabout in London, out of a 2,000-strong global workforce. A consortium made up of London-based Apax, New York-based Warburg and two Canadian pension funds, the Canada Pension Plan Investment Board and the Ontario Teachers' Pension Plan Board, is to buy the FTSE 250 company for 7.21 a share in cash. The agreed deal comes nine months after Inmarsat rejected an offer from its US rival Echo Star and reignites concerns over takeovers of leading UK technology businesses following Melrose's controversial 8bn acquisition of the engineeringcompany GKN and the 24bn takeover of smartphone chipmaker ARM Holdings by Japan's Soft Bank. It supplied satellite services to the Ministry of Defence to improve ground communications for soldiers fighting in Afghanistan. Inmarsat, which has 13 satellites in orbit, provides mobile satellite services that underpin email, internet and video conferencing, as well as in-flight wifi.
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