Applications
Intelsat completes acquisition of PanAmSat
MUMBAI: Leading satellite service provider Intelsat today announced the completion of its $ 6.4 billion acquisition of rival PanAmSat.
The addition of PanAmSat‘s video market expertise, advanced satellite fleet and blue-chip media customer base makes the new Intelsat the largest provider of fixed satellite services (FSS) worldwide to each of the media, network services/telecom and government customer sectors.
Intelsat acquired all of the outstanding common shares of PanAmSat for approximately $3.2 billion. As a result of the merger, PanAmSat is now a wholly-owned subsidiary of Intelsat, and the common stock of PanAmSat has been delisted from the New York Stock Exchange. The total value of the transaction, including PanAmSat debt that was refinanced or remained outstanding, is approximately $6.4 billion.
Using optimized capacity on a combined fleet of 51 satellites and a large, complementary terrestrial infrastructure including eight owned teleports, fiber connectivity and over 50 points of presence in almost 40 cities, the new Intelsat:
— Carries one out of every four television channels transmitted over fixed satellites;
— Supports 27 DTH platforms worldwide;
— Operates 16 satellites that are part of video neighborhoods around the world;
— Is the number one provider of transponders for video programming worldwide;
— Carries more high definition (HD) programming than any other FSS carrier;
— Is the largest provider of commercial satellite services to the government sector;
— Is the leading provider of services to enterprise, Internet and mobile network operators; and
— Provides communications services to 99 percent of the world‘s populated regions.
Applications
Canva acquires animation and AI startups Cavalry and MangoAI
The deals strengthen Canva’s push into enterprise and AI-led design workflows
AUSTRALIA: Global visual communication platform Canva has stepped up its acquisition drive, buying UK-based 2D animation platform Cavalry and US-based AI startup MangoAI to deepen its AI-powered creative stack.
Cavalry, whose tools are used by brands including Amazon, Meta, Google and Netflix, will strengthen Canva’s motion design capabilities. The deal builds on Canva’s 2024 acquisition of Affinity, which has crossed four million downloads since launch. With Cavalry, Canva now counts seven Europe-based acquisitions, underscoring its global expansion strategy.
MangoAI, an early-stage startup focused on video advertising optimisation, will integrate its reinforcement learning systems into Canva AI. The move aims to enable brands to generate personalised marketing content in real time, cutting production cycles while improving campaign performance. MangoAI co-founder Vinith Misra will join Canva as reinforcement learning lead in its research lab.
Canva co-founder and chief operating officer Cliff Obrecht said the acquisitions reflect the company’s ambition to make professional-grade creative tools more accessible without sidelining human creativity. The goal, he said, is to bring everything from vector to motion design into a single, integrated suite.
The company now reports 265 million active users, including 31 million paid subscribers, and $4 billion in annualised revenue, up 36 per cent year on year. The latest buys further position Canva against rivals such as Adobe and Apple’s Creator Studio as it pushes deeper into enterprise workflows.
Canva head of pro design marketing Liam Fisher, said AI is intended to act as a creative assistant rather than a replacement, reinforcing the primacy of craft and individual design judgement.
