Amazon agrees to buy satellite operator Globalstar for about $11.6B

Amazon agreed on April 14, 2026 to acquire Globalstar, the satellite operator, in a deal valued at about $11.6 billion according to Bloomberg. Globalstar holders can take $90 in cash per share or 0.32 Amazon shares capped at $90. Amazon said the deal would expand its satellite services, and it is expected to close in 2027 after regulatory approvals.

• Value: about $11.6B (Bloomberg)
• Per share: $90 in cash, or 0.32 AMZN shares with value capped at $90
• Expected to close in 2027, subject to regulatory approvals
• Disclosed in an April 14, 2026 Form 8-K with a joint press release