Amazon.com, Inc. announced a definitive merger agreement to acquire Globalstar, Inc., enhancing Amazon Leo satellite network with D2D services and securing Apple partnership for iPhone and Apple Watch satellite features.
Key takeaways
Amazon to acquire Globalstar via merger, gaining satellites, spectrum, and D2D expertise for Amazon Leo expansion.
Globalstar stockholders elect $90.00 cash or 0.3210 Amazon shares (capped at $90.00), with 40% cash cap and potential $110M adjustment.
58% of Globalstar voting shares approved via written consent.
Transaction expected to close in 2027, subject to regulatory approvals and HIBLEO-4 satellite milestones.
Amazon-Apple agreement powers Emergency SOS and other satellite services on iPhone 14+ and Apple Watch Ultra 3.
Amazon Leo D2D deployment begins 2028, enabling voice, text, data beyond terrestrial networks.