Brisbane Times
·general
·3 hours ago
Amazon’s $16.3 billion deal amps up rivalry with Elon Musk
Amazon.com announced a $16.3 billion deal to acquire Globalstar, intensifying its competition with Elon Musk's Starlink in satellite communications. The acquisition, expected to close in 2027, includes a mix of cash and stock, with Globalstar shareholders seeing a nearly 117 percent premium on shares. Amazon aims to launch a direct-to-device service by 2028.
Summary by Glance · Brisbane Times
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