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GOGO - Gogo zooms 21% on sale of commercial aviation to Intelsat for $400M
Gogo Inc.
Gogo (NASDAQ:GOGO)soars 21% after-hours, in reaction to announcement that it has entered into a definitive agreement to sell its Commercial Aviation (CA) business to Intelsat S.A. (OTCPK:INTEQ) for $400M in cash.
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