Amazon is reported to be in talks to acquire satellite telecommunications group Globalstar, according to the Financial Times citing people familiar with the matter. The report is preliminary and could be material for both companies if a deal is announced, potentially moving their stock prices and attracting regulatory scrutiny given the strategic implications for satellite connectivity and cloud/consumer services.
Amazon is reported to be in talks to acquire satellite telecommunications group Globalstar, according to the Financial Times citing people familiar with the matter. The report is preliminary and could be material for both companies if a deal is announced, potentially moving their stock prices and attracting regulatory scrutiny given the strategic implications for satellite connectivity and cloud/consumer services.
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