4 outlets·6 reports
Amazon to Acquire Globalstar and Expand Amazon Leo Satellite Network
ThinkingNews Desk · how this was written
Amazon is acquiring satellite operator Globalstar in a deal valued at roughly $11.57 billion, with the transaction slated to close in 2027. The purchase is intended to expand Amazon’s Leo low-Earth-orbit satellite network, and the agreement includes requirements for Globalstar to meet specific replacement-satellite milestones.
Written from all 4 reports below, not from any single one.
How it was reported
- TechMeme·Sources: Amazon is in advanced talks to acquire satellite operator Globalstar in a deal that could be announced as soon as Tuesday; GSAT jumps 15%+ pre-market (Bloomberg)
- TechMeme·Amazon agrees to buy satellite operator Globalstar, set to close in 2027, to expand Leo; Amazon and Apple agree for Leo to power some iPhone and Watch services (About Amazon)
- TechMeme·Amazon agrees to pay $11.57B to acquire Globalstar, or $90 per share; the deal requires Globalstar to meet certain HIBLEO-4 replacement satellite milestones (Reuters)
- The Next Web·Amazon agrees to acquire Globalstar in an $11.6B deal
- TechCrunch·Amazon to buy Globalstar for $11.57B in bid to flesh out its satellite biz
- Hacker News·Amazon to Acquire Globalstar and Expand Amazon Leo Satellite Network
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