Amazon Acquiring Globalstar for Nearly $11.6B: Employee Rights in Canada
Is Amazon Acquiring Globalstar?
Yes — Amazon announced that it’s acquiring satellite firm Globalstar in a deal valued at nearly $11.6 billion.
“There are billions of customers out there living, travelling, and operating in places beyond the reach of existing networks, and we started Amazon Leo to help bridge that divide,” Panos Panay, senior vice-president of devices and services at Amazon, said in a joint news release.
“By combining Globalstar’s proven expertise and strong foundation with Amazon’s customer-obsession and innovation, customers can expect faster, more reliable service in more places — keeping them connected to the people and things that matter most.”
While the acquisition will significantly increase the tech giant’s satellite network, reports claim that rivalling Starlink remains a challenge.
The deal, still subject to various approvals, is expected to close in 2027.
Our Sale of Business Guides for Ontario, Alberta, and British Columbia (BC) break down everything that non-unionized employees need to know.
Disclaimer: The materials above are provided as general information about the rights of non-unionized employees in Canada. It is not specific to any one company and SHOULD NOT be read as suggesting any improper conduct on the part of any specific employer, or a relationship between Samfiru Tumarkin LLP and a specific employer.
About the Author
Lior Samfiru
Lior Samfiru is a Founding Partner at Samfiru Tumarkin LLP and the Practice Leader of the firm’s Labour & Employment Law Group. Known for his advocacy and success representing both employees and employers, Lior exclusively serves clients in Ontario, where his extensive experience has made him one of Canada’s most sought-after employment lawyers.
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