Lynk Global is a would-be global operator of a satellite-based ‘direct-to-mobile’ phone operation. Slam Corp, founded by former MLB star Alex Rodriguez, signed a merger agreement with Lynk in February 2024.

That merger is now the subject of a formal complaint from Slam which argues that Lynk has failed to complete the merger. Consequently, Slam is suing Lynk in the Delaware Court of Chancery.

Lynk, as far back as December 2024, extended its Lynk merger deadline. Slam had raised $575 million for investment opportunities but is now said to be down to just $23 million in reserves having repaid many of the initial investor’s funding.

The legal move seeks to block any attempt by Lynk to terminate the deal, alleging the satellite venture breached the agreement and failed to meet its obligation to operate in good faith. Lynk dismissed the claims as baseless in a June 24 news release, stating it will vigorously defend against the lawsuit and file counterclaims.

Lynk’s added that its new management team and partners remain focused on strengthening the company’s competitive position and executing its roadmap to deliver direct-to-device services globally.

SES is a minority investor in Lynk and is in a strategic partnership with the company (as of March 2025).

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Categories: Articles, Business, M&A, Regulation

Tags: lynk, SES, slam