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Stock Market & Financial Investment News

News Breaks
June 13, 2014
07:50 EDTGOGOGogo initiated with a Market Perform at Wells Fargo
News For GOGO From The Last 14 Days
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August 26, 2014
12:59 EDTGOGOAeromexico commits to Gogo's in-flight connectivity technology, 2Ku
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August 21, 2014
14:11 EDTGOGOGogo advances after blog discusses takeover speculation
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13:44 EDTGOGOVerizon could be interested in Gogo spectrum, says Wells Fargo
Wells Fargo notes trade publication Runway Girl Network posted an article about Verizon's (VZ) potential interest in Gogo. Wells calls the article's argument that aviation broadband is an extension of terrestrial broadband and could be complement Verizon's wireless service "logical," and says Verizon could also be interested in Gogo's spectrum. Wells sees compelling arguments against Verizon being interested in Gogo, but notes that at current valuations, Verizon could acquire Gogo close to the value of the underlying spectrum and get the business for free, which the firm says "isn't a bad trade." Wells has a Market Perform rating on Gogo.
09:36 EDTGOGOGogo strength attributed to takeover speculation in blog post
The early move higher in shares of Gogo (GOGO) is being attributed to a blog post from Runway Girl Network. The post stated, "Wall Street is now buzzing that Verizon might be studying a potential joint venture, acquisition or partnership with Row 44 competitor, Gogo." Shares of Gogo are up 3% to $17.36 in pre-market trading. Reference Link

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