Amazon to acquire Apple's 20% stake in Globalstar, iPhone's satellite feature won't be affected
via Amazon to acquire Apple's 20% stake in Globalstar, iPhone's satellite feature won't be affected<img src="https://fdn.gsmarena.com/imgroot/news/25/11/apple-satellite-maps-report/-184x111/gsmarena_000.jpg" width="184" height="111" hspace="3" alt="" border="0" align=left style="background:#333333;padding:0px;margin:0px 4px 0px 0px;border-style:solid;border-color:#aaaaaa;border-width:1px" /> <p>Amazon and Globalstar finalized an acquisition deal worth $11 billion. But by purchasing Globalstar, Amazon also had to buy out Apple's 20% stake in the company. Apple and Globalstar signed a $1.1 billion commitment back in 2024, which included a $400 million share purchase. Amazon is looking to expand its satellite service business called Amazon Leo. It aims to provide low-latency broadband connectivity through a low-orbit constellation of satellites similar to Starlink. But in order to complete...