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Amazon is reportedly close to acquiring satellite operator Globalstar, whose stock price surged over 17% in pre-market trading.
Mars Finance News: On April 14, the stock price of satellite operator Global Star surged more than 17% in pre-market trading. According to reports, Amazon is reportedly in advanced negotiations to acquire Global Star to strengthen its satellite business. Sources say the deal could be announced as soon as today. Global Star’s network is smaller than Starlink, mainly focusing on providing network connectivity for mobile phones and other devices in areas with weak signal coverage. (Kechu Bao Broadcast)