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12 Amazon to Acquire Apple's Globalstar Stake in Satellite Deal

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Juli Clover @ MacRumors 1 place · today 19:32 EDT

Amazon to Acquire Apple's Globalstar Stake in Satellite Deal

Amazon is acquiring Apple satellite provider Globalstar, and it has worked out a deal to take over Apple's stake in the satellite company.


According to an FCC filing noticed by PCMag, Amazon is initiating a merger structure. It will create a new subsidiary called Grapefruit Acquisition Sub II to absorb Globalstar's operations, and then the new subsidiary will acquire Apple's equity.

Apple has 20 percent equity and 20 percent voting interests in Globalstar Licensee LLC, a Globalstar subsidiary that o

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