Industry
Amazon will acquire Apple’s 20% stake in satellite firm Globalstar
Following last month’s announcement that Amazon.com Inc. inked a deal to pay $11.6 billion for the internet satellite company Globalstar Inc., it was revealed today that it will now take over Apple In
Following last month’s announcement that Amazon.com Inc. inked a deal to pay $11.6 billion for the internet satellite company Globalstar Inc., it was revealed today that it will now take over Apple Inc.’s 20% stake in the company. Per the Federal Communications Commission filing, Amazon will create a subsidiary, Grapefruit Acquisition Sub II, LLC, that […] The post Amazon will acquire Apple’s 20% stake in satellite firm Globalstar appeared first on SiliconANGLE.
Source: SiliconANGLE | 2026-05-28