Amazon in talks to acquire satellite firm Globalstar in $8.8 billion deal

A deal would bolster Amazon's Leo satellite internet service as it works to close a wide gap with SpaceX's Starlink

Amazon $AMZN is in talks to acquire Globalstar, a satellite communications company with a market cap of roughly $8.81 billion, as it works to expand its nascent Leo satellite internet service, according to the Financial Times. The two companies are still negotiating the complexities of a potential deal following lengthy talks.

One complicating factor is Apple $AAPL's 20% stake in Globalstar, acquired as........

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