Amazon Agrees to Acquire Globalstar in $11.6 Billion Deal
Amazon has agreed to acquire Globalstar for $11.57 billion, expanding its satellite business. The deal involves a $90 per share offer for Globalstar, and the news caused a rise in Globalstar's stock as well as other satellite companies. The acquisition is part of Amazon's strategic move in the satellite industry.
Topics: acquisition Amazon Globalstar satellite business stock price movement