Amazon finalizes agreement to buy satellite firm Globalstar for $11.6 billion
Amazon.com Inc. has finalized a definitive agreement to acquire satellite operator Globalstar Inc. for approximately $11.6 billion, a strategic maneuver intended to bolster its proprietary satellite infrastructure.
Under the terms announced Tuesday, Amazon is offering Globalstar shareholders a choice between $90 in cash per share or 0.32 Amazon shares, with the stock value effectively capped at $90. This valuation represents a significant 117% premium over Globalstar’s trading price in late October.
