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Globalstar (GSAT.US) Surges 15% After Hours on Report of Amazon (AMZN.US) Acquisition Talks
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According to foreign media reports, Amazon (AMZN.US) is in talks to acquire satellite provider Globalstar (GSAT.US) to build its own satellite business. The two parties are still negotiating certain complex details of the potential transaction. Following the news, Globalstar's share price surged 15.36% in after-hours trading to USD79.06. It was reported last year that Globalstar was evaluating the possibility of a sale and had engaged in preliminary discussions with Elon Musk's SpaceX and other potential buyers. (mn/w) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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