OneWeb and Eutelsat confirm merger talks

Following circulating rumours that French satellite firm Eutelsat was about to acquire UK satellite firm OneWeb, the former has this morning announced that discussions are happening.
Eutelsat says it is in discissions with OneWeb shareholders regarding a potential all-share combination to create what it says would be  the first multi-orbit satellite operator offering integrated GEO and LEO solutions.
“The transaction would be structured as a contribution by OneWeb’s shareholders