Amazon Acquires Apple's 20% Stake in Satellite Provider Globalstar (heise.de)

• Amazon acquires Apple's 20% Globalstar stake as part of larger acquisition.
• Apple invested $1.5 billion in Globalstar in 2024.
• Amazon pledges to continue iPhone satellite services and expand them.
• FCC approval pending; deal structured in two phases.

"Amazon is acquiring Apple's 20% stake in Globalstar as part of its larger takeover of the satellite communications company. Apple invested $1.5 billion in Globalstar in 2024, including $400 million for the equity stake. Amazon says iPhone satellite services will continue and improve. The deal requires FCC approval and will be executed in two phases."