Topic
Globalstar
2 stories related to this topic, newest first.
cnbc.comfinance4 hrs ago
Amazon Agrees to Acquire Globalstar for $11.57 Billion in Cash or Stock Deal
Amazon announced an agreement to buy Globalstar for $90 per share in a transaction valued at $11.57 billion. Globalstar stockholders will receive cash or Amazon shares, with the deal expected to close in 2027. The acquisition includes Globalstar's satellites, infrastructure, and…
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cnbc.comfinance5 hrs ago
Amazon Announces $11.5 Billion Acquisition of Globalstar to Enhance Satellite Internet Operations
Amazon has agreed to acquire satellite operator Globalstar for approximately $11.5 billion, aiming to strengthen its Leo satellite internet business. The deal includes Globalstar's satellites, infrastructure, and spectrum licenses, with deployment of a direct-to-device system pla…
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