Amazon to Buy Satellite Operator Globalstar for $11.6 Billion
Amazon has agreed to buy satellite operator Globalstar in a deal worth roughly $11.6 billion, marking its largest acquisition since the 2017 purchase of Whole Foods.
The deal could help Amazon compete more closely with its fast-growing rival Starlink.
Bloomberg's Michelle Davis reports. (Source: Bloomberg)
Amazon buys Globalstar for $11.6B
- Amazon’s $16.3 billion deal amps up rivalry with Elon Musk Sydney Morning Herald —
- Amazon’s $11.6 Billion Globalstar Deal Amps Up Rivalry With Musk Bloomberg —
- Amazon to buy satellite firm Globalstar for $11.57bn in challenge to Musk’s Starlink The Guardian —
- Amazon Buys Globalstar for $10.8 Billion, Movingto Expand Its Satellite Internet Service The New York Times —
- Amazon is buying satellite giant Globalstar in a deal that analysts said is complicated due to Apple's stake Times Of India —