Amazon is buying satellite giant Globalstar in a deal that analysts said is complicated due to Apple's stake
E-commerce giant Amazon is acquiring satellite firm Globalstar for $11.57 billion to boost its Amazon Leo satellite internet service.
This deal brings Apple onboard, with the iPhone maker set to source satellite services for its devices from Amazon Leo.
The acquisition resolves previous negotiation hurdles and promises enhanced connectivity for consumers.
Amazon Acquires Globalstar for $11.6B
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