Globalstar Shares Surge 12% Pre-Market Amid Amazon Acquisition Talks, Financial Times Reports

Globalstar, a telecommunications service provider, saw its shares rise by 12% in pre-market trading. According to Jin10, this increase follows a report by the Financial Times indicating that Amazon is in discussions to acquire the company. The potential acquisition highlights Amazon's interest in expanding its telecommunications capabilities. Further details about the negotiations have not been disclosed, and both companies have yet to comment on the matter.