Amazon to Acquire Globalstar for $11.6 Billion to Expand Satellite Internet Services
Amazon has announced its acquisition of Globalstar for $11.6 billion, providing the company with direct-to-cell (DTC) satellite communication capabilities. The deal, which includes a 23% premium over Globalstar's recent share price, has led to a 4% rise in Amazon's stock and a 9.3% increase in Globalstar's shares. The acquisition is expected to close in 2027, pending regulatory approval.
Topics: Amazon Globalstar Mergers and Acquisitions Satellite Communications