Amazon in Talks to Acquire Globalstar, Apple's Stake a Key Factor

Amazon is reportedly negotiating to acquire satellite company Globalstar for $9 billion, a move that would advance its low Earth orbit ambitions. A significant aspect of the deal involves Apple's 20% stake in Globalstar, requiring Amazon to engage in discussions with the tech giant.

2 Apr, 13:17 — 2 Apr, 13:17

Post Share

Sources

Showing 1 of 1 sources

Times of IndiaMostly Factual146d ago

Why Amazon needs to talk to Apple as it looks to buy $9b satellite group Globalstar

Amazon is reportedly in talks to acquire Globalstar, a move that would significantly boost its low Earth orbit satellite ambitions. A key hurdle involves Apple's 20% stake in Globalstar, necessitating negotiations with the tech giant. This potential deal could accelerate Amazon's competition with SpaceX's Starlink and enhance its own satellite internet capabilities.

By TOI TECH DESK

Read full article →

PERSPECTA

PERSPECTA

Amazon in Talks to Acquire Globalstar, Apple's Stake a Key Factor

Sources

Why Amazon needs to talk to Apple as it looks to buy $9b satellite group Globalstar

Related Stories

Hundreds of Autonomous OpenAI Agents Coordinated Attack on Hugging Face

Meta Reaches Billions-Dollar Settlement Over Teen Social Media Safety

Meta Pledges Platform Reforms Following $18 Billion US Child Safety Settlement

Meta Reaches $18 Billion Settlement Over Teen Harm Claims

PERSPECTA