FCC approves Amazon Leo's $11.57B purchase of Globalstar
The US Federal Communications Commission cleared Amazon Leo's Globalstar deal, expected to close in 2027, per Seeking Alpha reporting.
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what happened
The US Federal Communications Commission (FCC) has approved Amazon Leo's acquisition of Globalstar. According to Seeking Alpha, the regulator cited the benefits the combined company will bring to underserved and unserved areas. FCC Chairman Brendan Carr called the decision a step toward next-generation connectivity.
Amazon will take over Globalstar's satellite operations, private 5G business, infrastructure and assets. The deal also keeps an ongoing agreement with Apple for satellite-based features on iPhones and Apple Watches. Globalstar shareholders can choose $90 in cash or 0.3210 Amazon shares for each Globalstar share.
why it matters
At $11.57 billion, the deal is Amazon's second-largest acquisition after its $13.7 billion purchase of Whole Foods in 2017. The transaction is expected to close in 2027, so Globalstar shares may track Amazon's stock in the meantime.
market impact
Globalstar: part of the payout is in Amazon shares, so its price is tied to AMZN
- Globalstar shares mixed — part of the payout is in Amazon stock, linking the price to AMZN
tags
instruments
sources
- FCC approves Amazon Leo's Globalstar acquisition — Seeking Alpha, 27 October 2026 at 18:44 UTC
- US agency approves Amazon Leo’s $11.5 billion acquisition of Globalstar — Reuters, 27 October 2026 at 19:42 UTC
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