SATS Ltd. (SGX:S58) on September 21, 2022 confirmed that it is in discussions to acquire Worldwide Flight Services, Inc. (WFS). Bloomberg had reported earlier in the day that the potential deal could be worth as much as $3 billion, and that SATS had sounded out financing for the potential purchase. SATS, which also provides in-flight catering services, has said discussions concerning the transaction are developing and there is no certainty that it will proceed.
Definitive terms for a potential acquisition have not been reached yet, it said. In a separate statement, WFS confirmed talks with SATS for a possible transaction, but did not divulge any details on the deal.