Globalstar Rallies on Report That Amazon Is in Buyout Talks
Corroborated by 4 sources from 4 publishers
TL;DR
Reports differ across sources; according to cnbc.com, shares of Globalstar jumped more than 15% in extended trading on Wednesday after the Financial Times reported Amazon is in talks to acquire the satellite communications company, citing people familiar with the matter.
Sources
1
Financial Times Companies
https://www.ft.com/content/abace066-fe93-4ff0-8378-d3c3eb49519c
2
Bloomberg Technology
https://www.bloomberg.com/news/articles/2026-04-01/globalstar-rallies-on-report-that-amazon-is-in-buyout-talks
3
CNBC Top News
https://www.cnbc.com/2026/04/01/globalstar-stock-pops-15percent-on-report-amazon-is-weighing-an-acquisition.html
4
Investing.com News
https://www.investing.com/news/stock-market-news/amazon-in-talks-to-buy-9-billion-satellite-group-globalstar-ft-reports-4594452