Amazon agrees to pay 11.57B for Globalstar, or 90/share in cash or Amazon stock, assuming Globalstar meets certain HIBLEO-4 replacement satellite milestones (Reuters)

Reuters: Amazon agrees to pay 11.57B for Globalstar, or 90/share in cash or Amazon stock, assuming Globalstar meets certain HIBLEO-4 replacement satellite milestones — Amazon.com (AMZN.O) said on Tuesday it would acquire Globalstar (GSAT.O) in an $11.57 billion deal, bolstering its fledgling satellite business …

Amazon agrees to acquire satellite operator Globalstar, set to close in 2027, to expand Leo; Amazon and Apple say Leo will power some iPhone and Watch services (About Amazon)
Sources: Amazon is in advanced talks to acquire satellite operator Globalstar in a deal that could be announced as soon as Tuesday; GSAT jumps 15%+ pre-market (Bloomberg)
Apple endorses the ~$11.6B Amazon-Globalstar deal, citing a 'proven track record' with Amazon infrastructure; Apple holds a ~20% stake in Globalstar (Mark Gurman/Bloomberg)
Amazon Leo unveils the Aviation Antenna, saying it can deliver up to 1 Gbps download and 400 Mbps upload speeds for in-flight Wi-Fi (Michael Kan/PCMag)

Source: Techmeme | 2026-04-14

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