Technology
Amazon to acquire Globalstar for $11.57 billion
Amazon has agreed to purchase satellite communications company Globalstar in an $11.57 billion deal.
By BubblesEdiy News Desk · Published · Updated
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Amazon announced a deal to buy Globalstar, a satellite firm that provides connectivity services, for $11.57 billion. The transaction aims to expand Amazon's presence in the satellite communications market.
The acquisition is positioned as a move to broaden Amazon's offerings and compete with other low‑Earth‑orbit satellite providers.
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- Image: Representative image from the BubblesEdiy image library; it does not show the actual event.
- Source: Hacker News Front Page
- Written by BubblesEdiy News Desk, with AI assistance
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