Amazon has agreed to buy Globalstar in a deal worth over $11 billion. It has the potential to add more satellite services to Apple’s iPhone in the future.
Messages via Satellite – Image Credit: Pixabay/Terry McGraw
Messages via Satellite – Image Credit: Pixabay/Terry McGraw
The iPhone’s satellite features, including Emergency SOS via Satellite, rely on connectivity from satellite service operator Globalstar. That company is now being bought by another tech giant, Amazon.
Fulfilling rumors from early April, Amazon confirmed on Tuesday that it has agreed to acquire Globalstar. The deal, which will require the usual regulatory approval for closure, will see Globalstar shareholders receiving either $90 in cash or 0.321 shares of Amazon common stock in exchange for their shares.