Notable Mergers and Acquisitions of the Day 03/13: (JBLU) (CRL) (CTCT)/(VOCS) - InvestingChannel

Notable Mergers and Acquisitions of the Day 03/13: (JBLU) (CRL) (CTCT)/(VOCS)

* JetBlue Airways Corp (Nasdaq: JBLU) has agreed to sell its wholly owned subsidiary LiveTV to Thales Group for $400 million. The sale which is subject to regulatory and other approvals is expected to be completed in mid-2014.

LiveTV is the leading provider of live in-flight entertainment and connectivity systems for commercial airlines. In 2013, LiveTV and its partner ViaSat introduced Ka-band satellite-driven onboard connectivity, a game changing technological advancement.

“LiveTV has been an important part of building the JetBlue experience,” said JetBlue President Robin Hayes. “Their ability to combine market leadership and drive technological advances has given JetBlue a market

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