Amazon is buying satellite giant Globalstar in a deal that analysts said is complicated due to Apple's stake
Times Of India
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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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Amazon to buy satellite firm Globalstar in US$11.57 billion deal to take on Musk’s Starlink
CTV News —
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Amazon to buy satellite firm Globalstar for $11.57bn in challenge to Musk’s Starlink
The Guardian —
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Amazon buys satellite operator Globalstar for $11B to challenge Elon Musk’s Starlink
NY Post —
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Amazon to buy Globalstar for $11.57B in bid to flesh out its satellite biz
Techcrunch —
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Amazon signs $11.57-billion deal for satellite firm Globalstar to challenge Musk’s Starlink
The Globe and Mail —