Amazon said it would acquire Globalstar, giving its nascent satellite internet business a boost as it vies to compete with Elon Musk's SpaceX.
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said Tuesday it would acquire Globalstar
for $90 a share, in a deal worth $11.5 billion.
The deal will give Amazon’s nascent Leo satellite internet business a boost as it vies to compete with Elon Musk’s SpaceX.
Shares of Globalstar surged more than 9% in premarket trading. Amazon’s stock rose about 1%.
A deal with Globalstar could bolster Amazon Leo, the company's nascent internet-from-space service, which has about 200…
Amazon wants to get thousands more satellites into orbit to offer internet and mobile services.
La operación será una de las mayores adquisiciones de la historia de la empresa de Jeff Bezos. La firma de satélites se dispara…
Ecommerce giant is trying to catch up with SpaceX’s low Earth orbit internet service
Deal will bolster tech group’s efforts to challenge Elon Musk’s Starlink with its own low Earth orbit satellite business
The ecommerce giant has agreed an $11.6bn deal to acquire satellite group Globalstar
