Amazon (AMZN - Get Report) shares were up slightly amid speculation the company is looking to acquire part of Texas Instruments's (TXN) mobile chip business. Israeli newspaper Calcalist reported that Amazon is in late-stage talks with TI about a potential deal for the operations that manufacture the primary chip used in Amazon's devices, such as the Kindle. Amazon is also rumored to be planning to eventually launch its own smartphone. The report said a deal would probably be worth "billions of dollars." Amazon shares were last quoted at $242.61, up 25 cents, while TI's stock was adding more than 3% at $28.11.
American Tower (AMT - Get Report) jumped 4.61% to $75.50 as the Sprint/Softbank deal keeps a strengthened wireless carrier in business. The other major wireless tower companies, Crown Castle International (CCI) and SBA Communications (SBAC) were seeing strong gains as well. Interested in more on Amazon? See TheStreet Ratings' report card for this stock. -- Written by Chris Ciaccia in New York >Contact by Email. Follow @Commodity_Bull