Globalstar Inc. (GSAT) used Howard L. Ellin, Michael J. Mies and Max A. Troper of Skadden, Arps, Slate, Meagher & Flom LLP for counsel on an agreement to sell to Amazon.com Inc. (AMZN) for $11.6 billion in cash and stock on Tuesday, April 14. The Financial Times reported on April 2 that the two companies were in talks.

Don McLellan of BDT & MSD Partners gave financial advice to Globalstar, a Covington, La.-based satellite communications company.

The strategic review committee of the Globalstar board used Patrick J. Schultheis, Robert T. Ishii, Amy L. Simmerman and Remi P. Korenblit of Wilson Sonsini Goodrich & Rosati PC for counsel and Daniel B. Mendolow and Justin A. Singh at Evercore Inc. for financial advice. L. Barbee Ponder IV is the general counsel at Globalstar.

Krishna Veeraraghavan and Stan Richards of Paul, Weiss, Rifkind, Wharton & Garrison LLP were counsel to Amazon, a Seattle-based online retailer and technology company, which used David P. Eisman, David G. Sage and William Fantini at Goldman, Sachs & Co. for financial advice.

Veeraraghavan worked with Amazon on the largest acquisition in its history, the $13.7 billion purchase of Whole Foods Market Inc. in 2017, and on its $3.9 billion purchase of 1Life Healthcare Inc., a deal announced in July 2022 and closed the next year. He also advised the company on its $1.7 billion agreement to buy iRobot Corp., a deal announced in August 2022 that the companies abandoned in 2024 after failing to win antitrust approval.

Amazon will pay $90 in cash or about 0.32 of its shares per Globalstar share, with the cash on the transaction capped at a maximum of 40% of the total consideration. James Monroe III, the chairman of Globalstar’s board, controls a 58% stake in the company and approved the transaction by written consent. The companies expect to close the deal next year, pending receipt of regulatory approvals.

Apple Inc. (AAPL) bought a 20% stake in Globalstar for about $1.5 billion in 2024.

Sagar Gupta of Anson Funds Management LP in December 2023 launched a campaign targeting Globalstar, which the investor called “a highly attractive acquisition target” in part because of its partner Apple.

Editor’s note: The original version of this article was published April 14, 2026, on The Deal’s premium subscription website. For access, log in to TheDeal.com or use the form below to request a demo.