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Globalstar Stock Pops More Than 15% After Report Claims Amazon In Talks To Acquire Apple-Backed Satellite Communications Company
Yahoo2026.04.05Source: Yahoo
Globalstar Inc. shares jumped more than 15% in after-hours trading on Wednesday after a report said Amazon.com Inc. is in talks to acquire the satellite communications company, citing people familiar with the matter. Amazon Deal Talks Lift Globalstar Shares The Financial Times reported Wednesday that the companies were still negotiating some of the deal's complexities after lengthy talks. One major complication is Apple Inc.’s 20% stake in Globalstar, which the iPhone-maker acquired in 2024 as p

