Amazon Pursues Globalstar Acquisition Despite Apple Stake
4 articles • Started 7 months ago • Last updated 7 months ago
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At a Glance · AI-generated
Amazon is pursuing an acquisition of Globalstar, the satellite communications company valued at approximately $9 billion that powers Apple's Emergency SOS via Satellite feature. The talks, confirmed April 1-2, represent a significant development given Apple's existing 20 percent ownership stake in the company. Amazon's interest in Globalstar reflects the e-commerce giant's broader push into satellite technology and connectivity services. The acquisition would require navigating Apple's substantial minority stake in the company.