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Amazon to Acquire Globalstar in Cash-or-Stock Deal Offering $90 Per Share; Apple Agreements Updated
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- Amazon aims to blend satellite licenses with its Leo constellation to expand connectivity beyond traditional networks.
- Regulatory timing remains pivotal as the deal is set to close in 2027 pending approvals from regulators.
- Direct-to-Device services on iPhone and Apple Watch, powered by Globalstar, will be maintained and expanded with Leo’s growth.
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