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Short Take: CyberStar to buy SNS

CyberStar, a satellite multi-casting video company, is expected to announce Monday it will acquire Satellite Network Systems, a privately-held business television services company, for an undisclosed sum. CyberStar hopes to gain video-conferencing, TV-based distance learning, and out-sourced video expertise by buying SNS. CyberStar, a business unit of Loral Space & Communications, provides Internet Protocol-based data transmissions via satellite. Last year, the company signed a deal to deliver movie promotions to theaters across the country via satellite.

    CyberStar, a satellite multi-casting video company, is expected to announce Monday it will acquire Satellite Network Systems, a privately-held business television services company, for an undisclosed sum. CyberStar hopes to gain video-conferencing, TV-based distance learning, and out-sourced video expertise by buying SNS. CyberStar, a business unit of Loral Space & Communications, provides Internet Protocol-based data transmissions via satellite. Last year, the company signed a deal to deliver movie promotions to theaters across the country via satellite.