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Investment funds controlled by financier George Soros have acquired a 4 percent indirectly-held interest in Globalstar L.P., the mobile satellite communications project spearheaded by Loral Space & Communications (LOR), at a cost of more than $246 million. A total of 8.4 million shares of Globalstar Telecommunications Ltd. (GSTRF) were purchased by the Soros-affiliated funds at a price of $29.33 per share. Each Globalstar Telecommunications share is the equivalent of 0.25 of a partnership interest in Globalstar L.P.