Devon Energy Completes All-Stock Merger with Coterra Energy, Creating $58B Shale Giant
Devon Energy and Coterra Energy completed their all-stock merger on 7 May 2026, with shareholders approving the combination at special meetings on 4 May. Each Coterra share converted into 0.70 Devon shares; Devon holders retain approximately 54% of the enlarged group. The combined company targets $1 billion in annual pre-tax synergies by 2027, anchored by a leading position in the Delaware Basin.
Amazon to Acquire Globalstar for $11.6B to Build Amazon Leo Satellite Network
Amazon agreed on 14 April 2026 to acquire satellite operator Globalstar in an $11.6 billion all-cash deal at $90 per share, enabling the creation of Amazon Leo — a direct-to-device LEO satellite network. Amazon simultaneously announced a partnership with Apple to power satellite-based Emergency SOS services for iPhone and Apple Watch. Close is expected in 2027 pending FCC spectrum and antitrust approvals.