Amazon to Acquire Apple's Globalstar Stake in Satellite Deal
Amazon is set to acquire Apple's stake in satellite provider Globalstar, initiating a merger structure through a new subsidiary. Apple, which holds a 20 percent equity interest in Globalstar, will benefit financially from the deal while partnering with a more established satellite operator. The acquisition, valued at approximately $11.57 billion, is expected to close in 2027 pending regulatory approval.
- ▪Amazon is acquiring Apple's 20 percent stake in Globalstar.
- ▪The deal involves creating a new subsidiary called Grapefruit Acquisition Sub II.
- ▪Apple invested $450 million in Globalstar in 2022 to support satellite connectivity features for iPhone users.
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Amazon to Acquire Apple's Globalstar Stake in Satellite DealWednesday May 27, 2026 4:32 pm PDT by Juli CloverAmazon 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 operates the satellite system that delivers satellite connectivity to iPhone users in the U.S.
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