Amazon agreed to acquire Globalstar at up to $90.00 a share

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

Amazon and Globalstar said on Apr 14, 2026 that they entered into a definitive merger agreement under which Amazon would acquire Globalstar. For each Globalstar share, stockholders were to elect either $90.00 in cash or 0.3210 shares of Amazon common stock, with the stock's value capped at $90.00 a share, and total cash elections were capped at 40% of Globalstar's shares. The press release said the transaction was then expected to close in 2027, subject to closing conditions that included regulatory approvals. The source is Amazon's 8-K, a US company's report of a material event, which attaches the joint press release dated Apr 14, 2026.1^,2^,3^,4^,5