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Amazon agrees to acquire satellite operator Globalstar in $11.57 billion deal

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Amazon has signed an agreement to buy satellite communications company Globalstar for about $11.57 billion. The move is aimed at giving Amazon a stronger position against SpaceX's Starlink in the satellite connectivity market. The announcement was reported by Reuters and widely discussed on Hacker News. The article provided limited detail beyond the deal value and its competitive context. Further terms and regulatory steps were not described in the available information.

Read the full story at Hacker News

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