M&A Deal Summary

Loral Space & Communications Acquires Orion Network Systems

On March 20, 1998, Loral Space & Communications acquired communications company Orion Network Systems from Apple for 479M USD

Acquisition Highlights
  • This is Loral Space & Communications’ 1st transaction in the Communications sector.
  • This is Loral Space & Communications’ 2nd largest (disclosed) transaction.
  • This is Loral Space & Communications’ 1st transaction in the United States.
  • This is Loral Space & Communications’ 1st transaction in Maryland.

M&A Deal Summary
Date 1998-03-20
Target Orion Network Systems
Sector Communications
Buyer(s) Loral Space & Communications
Sellers(s) Apple
Deal Type Divestiture
Deal Value 479M USD

Target

Orion Network Systems

Rockville, Maryland, United States
Orion Network Systems, Inc. is an international satellite communications company that provides high speed Internet connectivity and private multimedia services, directly to multinational businesses via small receiving antennas. It also transmits video communications for television and other program distribution services.

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Buyer(S) 1

Buyer

Loral Space & Communications

New York, New York, United States

website

Category Company
Founded 1996
Sector Communications
DESCRIPTION

Loral Space & Communications is a satellite communications company engaged, through ownership interests in affiliates, in satellite-based communications services. Loral Space & Communications was founded in 1996 and is based in New York City.

DEAL STATS #
Overall 1 of 2
Sector (Communications) 1 of 2
Type (Divestiture) 1 of 2
State (Maryland) 1 of 1
Country (United States) 1 of 1
Year (1998) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-18 Telesat

Ottawa, Ontario, Canada

Telesat is a global satellite operator that provides technical consultation and supports services to satellite operators, insurers, and other industry stakeholders around the globe. Telesat is based in Ottawa, Ontario.

Buy CA$3.3B

Seller(S) 1

SELLER

Apple

Cupertino, California, United States

website

Category Company
Founded 1977
Sector Technology Hardware
Employees164,000
Revenue 394.3B USD (2022)
DESCRIPTION

Apple is a diversified technology company offering technology hardware, software, and media. Apple sells a line of computers, cell phones, tablets - as well as manages an ecosystem of apps. Apple was founded in 1977 and is based in Cupertino, California.

DEAL STATS #
Overall 1 of 2
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 2
State (Maryland) 1 of 1
Country (United States) 1 of 2
Year (1998) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-09-02 Power Computing

Cupertino, California, United States

Power Computing the first Mac licensee, which used a modified Macintosh motherboard, Power Computing contracted with IBM to build a four-layer motherboard for its earliest clone, which was the second clone to market.

Buy $100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-08 Xemplar Education

Warrington, United Kingdom

Xemplar Education Ltd. provides software services. It provides information technology hardware and solutions to the education market.

Buy $5M
Mergr

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