MDA Space raises $819M to buy 70% of French Earth observation & geo-intelligence firm CLS for ~$920M
MDA Space is upsizing a bought deal to raise US$819 million to fund its $920 million acquisition of French Earth observation data analytics company CLS. The deal delivers MDA a majority stake in CLS (with CNES retaining 30%), positioning the combined group as a major space-based geointelligence provider.