Amazon announced Tuesday it will acquire Globalstar, the satellite operator behind Apple's Emergency SOS feature, for $11.57 billion (£8.75 billion) in what amounts to its most aggressive move yet against Elon Musk's Starlink, per CNBC.
Under the deal, Globalstar shareholders will receive $90 (£68) per share in cash or Amazon stock. The price represents a roughly 117 per cent premium over the company's recent trading levels, before reports of a potential sale first surfaced.
