** Gogo Inc's shares up 1.5% premarket to $7.35 as co to buy Satcom Direct to enter military/mobility market
** In-flight internet provider says Satcom will receive $375 mln in cash and five mln GOGO shares, and up to additional $225 mln in payments tied to certain performance thresholds over the next four years
** Deal expected to be immediately earnings accretive and generate $25-30 mln in annual run-rate cost synergies in the next two years, Gogo says
** Transaction to be financed with cash and $275 mln in new debt
** In 2024, Satcom anticipated to post approx $485 mln in rev
** Gogo says transaction to expand its total addressable market to include the 14,000 business aircraft outside North America, and expected to close by end of 2024
** Through Fri, GOGO shares off 28.5% YTD and were trading around $12 a yr ago
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@thomsonreuters.com lance.tupper@tr.com 1-646-279-6380))
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