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Globalstar rises after report on Amazon talks to acquire it

ReutersApr 1, 2026 10:58 PM

Shares of Globalstar GSAT.O up 23.6% at $84.67 after the bell

Amazon AMZN.O is in talks to acquire Globalstar, the Financial Times reports

The companies are still negotiating some of the complexities of a deal after lengthy talks, FT says; no deal has been finalised and discussions could yet shift or collapse

One complicating factor is Apple's AAPL.O 20% stake in GSAT, requiring talks between AMZN and APPL, according to the report

GSAT has risen 12.3% YTD

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