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Deal Talks With Amazon Have This Satellite Internet Provider's Stock Popping [Yahoo! Finance]
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Amazon is looking to grow its own satellite internet service, Leo, as it works to compete with SpaceX's Starlink service. Amazon could be looking to make a big move to grow its budding satellite internet service. Shares of Globalstar ( GSAT ) were up over 9% in recent trading following a report the satellite internet company could be acquired by Amazon ( AMZN ). Talks around a potential deal, which could be worth an estimated $9 billion, are ongoing but could face some hurdles, The Financial Times reported Wednesday. One of the complicating factors to clear a deal could include negotiations with Apple ( AAPL ), which bought a 20% stake in Globalstar in 2024, the report said. Amazon declined to remark, and Globalstar did not immediately respond to an Investopedia request for comment. Why This Matters to Investors Amazon joins what could be a growing number of firms interested in Globalstar, which saw its stock rally to close out last year following reports SpaceX was consi
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- March jobs report to show updated view of fragile labor market as war unfolded [Yahoo! Finance Canada][Yahoo! Finance Canada]
- March jobs report to show updated view of fragile labor market as war unfolded [Yahoo! Finance][Yahoo! Finance]
- Amazon tells sellers it's adding a 3.5% charge to offset rising fuel and logistics costs [Business Insider][Business Insider]
- Amazon weighs a deal to boost its satellite internet ambitions. Why it's worthy pursuit [MSNBC.com][MSNBC.com]
- Amazon to apply 3.5% fuel surcharge to third-party deliveries [Seeking Alpha][Seeking Alpha]
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