Amazon agrees to acquire Globalstar in merger; close expected in 2027
Amazon.com and Globalstar signed a definitive merger agreement under which Amazon will acquire Globalstar, adding direct-to-device satellite services to Amazon Leo. The deal is subject to closing conditions including regulatory approvals, and the filing says it is expected to close in 2027, so shareholders face a multi-year transaction with terms that depend on stock prices and milestones.
Key points
- Globalstar holders can elect $90.00 in cash or 0.3210 Amazon shares per share, with the stock value capped at $90.00
- Cash elections are capped at 40% of Globalstar shares, with excess cash converted to stock on a pro rata basis
- Total consideration may be reduced by up to $110 million if Globalstar misses certain operational milestones
- Holders of about 58% of Globalstar's voting power approved the deal by written consent; Amazon also signed a satellite services agreement with Apple
The filing
Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 14, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.