Search
Amazon Acquires Globalstar for $11.57 Billion, Challenging Starlink
6 hour ago /
Read about 0 minute
Author：小编
Amazon.com Inc. announced that it will acquire satellite operator Globalstar for $11.57 billion, offering $90 per share in cash or 0.3210 shares of Amazon stock (with a cap of 40% of total shares for the cash option). Following the announcement, Amazon's stock price rose by 2.76% during intraday trading, while Globalstar's stock price increased by 7.01%. The deal is expected to close in 2027, pending regulatory approval. This acquisition will help Amazon accelerate its deployment of satellite internet and challenge SpaceX's Starlink service.
-
C114 Communication Network -
Communication Home
7 X 24 Track global technological trends
