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Amazon (AMZN.US) Reportedly to Announce Acquisition of Satellite Telecom Firm Globalstar (GSAT.US) as Early as Today
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Bloomberg reported that Amazon (AMZN.US) is in advanced talks to acquire satellite telecommunications company Globalstar (GSAT.US), with an announcement on the transaction potentially coming as early as today (14th). Globalstars share price has risen by 2.73x over the past year, and the company is seen as having the potential to compete with Starlink. One of the complexities of the deal is that Apple (AAPL.US) holds a 20% stake in Globalstar, meaning Amazon would need to negotiate directly with Apple. In 2024, Apple invested USD1.5 billion in Globalstar. (fc/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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