Globalstar to be Acquired by Amazon

Fried Frank is advising Evercore as financial advisor to Globalstar's special committee in connection with Globalstar's agreement to be acquired by Amazon, enabling Amazon Leo to add direct-to-device services to its low Earth orbit satellite network. The transaction will combine Globalstar's spectrum and established mobile satellite services capabilities with the scale, performance and reach of Amazon Leo to enable Amazon to deliver continuous connectivity for consumer, enterprise and government customers around the world. Read Globalstar's transaction announcement for more information.

This transaction is a continuation of Fried Frank's work advising Evercore as financial advisor on complex transactions, which includes the firm most recently advising Evercore as financial advisor to ZIM on its agreement to be acquired by Hapag-Lloyd and Transocean on its agreement to merge with Valaris Limited.

M&A and private equity partners Philip Richter and Roy Tannenbaum are leading the Fried Frank team, which includes M&A and private equity associate Ryan Isaacs.

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