Amazon to Buy Satellite Operator Globalstar for $11.6 Billion

Bloomberg
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Amazon to Buy Satellite Operator Globalstar for $11.6 Billion
Bloomberg
Written by Bloomberg
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Amazon has agreed to buy satellite operator Globalstar in a deal worth roughly $11.6 billion, marking its largest acquisition since the 2017 purchase of Whole Foods. The deal could help Amazon compete more closely with its fast-growing rival Starlink. Bloomberg's Michelle Davis reports.

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