SES and Intelsat call off merger talks

A deal to combine two heavy hitters in the geostationary satellite market is off the table.
SES confirmed in a brief statement on Thursday that talks to merge with rival Intelsat “have ceased.”
They had been trying to hammer out a deal since late March, with Bloomberg sources at the time valuing the potential transaction at more than $10 billion. But it appears they were unable to reach an agreement.
Had they come to some sort of arrangement, it would have created a behemoth with mor