Amazon to acquire Globalstar for $90/share; partners with Apple for satellite services

AMAZON COM INC

Amazon to acquire Globalstar for $90 per share in cash or 0.3210 Amazon shares (capped at $90); 40% cash/60% stock proration; expected close in 2027.
Globalstar stockholders holding 58% voting power approved; deal subject to regulatory approvals and HIBLEO-4 satellite milestones.
Amazon and Apple sign agreement for Amazon Leo to power satellite services on iPhone and Apple Watch, including Emergency SOS and messaging.
Amazon Leo to deploy next-gen direct-to-device system in 2028, integrating Globalstar's spectrum and infrastructure for expanded coverage.

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