Amazon

Amazon to acquire Globalstar for $11.57bn, bolstering satellite biz

Amazon said yesterday it will acquire Globalstar in a $11.57 billion deal, bolstering its fledgling satellite business as it tries to catch up with Elon Musk's Starlink. Through the deal, Amazon adds Globalstar's two dozen satellites to its existing network of more than 200. According to a Reuters report yesterday, tech companies are pouring ...