Amazon Acquires Globalstar in $11.57 Billion Satellite Deal
Amazon has agreed to acquire satellite company Globalstar for $11.57 billion, expanding its satellite operations and spectrum licenses. The deal is viewed positively by Wall Street, with Amazon's stock rising 3.8% following the announcement. The acquisition includes Globalstar's low-earth-orbit satellite constellation and spectrum licenses, positioning Amazon as a major player in the satellite broadband market.
Topics: Amazon Corporate Deals Globalstar Satellite Technology Wall Street Reaction