Betaville

Eutelsat Communications said to be in merger talks with OneWeb, according to Bloomberg - Part 2

Hat tip to the Bloomberg hacks for digging out the Eutelsat / OneWeb merger scoop over the weekend but unfortunately the deal appeats to have gone down like a cold bag of sick with some of the French company's investors.

Eutelsat's stock sunk almost 18pc as the French company confirmed the Bloomie scoop about a possible takeover of/merger with rival satellite firm OneWeb. Below is the confirmation in case you missed it:..