Industry
Amazon to acquire internet satellite operator Globalstar for $11.6B
Amazon.com Inc. has inked a 11.6 billion deal to acquire Globalstar Inc., a publicly traded operator of internet satellites. The companies announced the transaction today. It values Globalstar at 90 p
Amazon.com Inc. has inked a 11.6 billion deal to acquire Globalstar Inc., a publicly traded operator of internet satellites. The companies announced the transaction today. It values Globalstar at 90 per share, a 23% premium to the satellite operator’s last unaffected closing price. The acquisition is set to close in 2027 subject to regulatory approvals […] The post Amazon to acquire internet satellite operator Globalstar for $11.6B appeared first on SiliconANGLE.
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Source: SiliconANGLE | 2026-04-14