FCC consents to Amazon's purchase of Globalstar
The FCC on Oct. 27 consented to Amazon taking control of Globalstar's licenses, so Globalstar would become a wholly owned subsidiary and an Amazon Leo affiliate. The order describes an $11.57 billion price, citing Reuters, and a choice of $90 in cash or 0.3210 Amazon shares per share. It says Apple owns 20 percent and supplied about 63 percent of Globalstar's 2025 revenue, and that Amazon claims it will acquire Apple's stake when the deal is completed, which this consent does not itself announce.
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