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GeoEye offers to buy DigitalGlobe
Posted: Sat, May 5, 2012, 11:53 AM ET (1553 GMT)
GeoEye-2 illustration (Lockheed Martin) Commercial remote sensing company GeoEye announced Friday a proposal to acquire its principal domestic rival in space-based imaging, DigitalGlobe, for nearly $800 million. GeoEye announced it was offering $17 per share in cash and stock for DigitalGlobe, which would value the company at $792 million. DigitalGlobe confirmed it received the offer and was evaluating it. Both companies operate satellites that provide high-resolution images for government and commercial customers, but are facing a potential shortfall in sales as the US government has proposed cutting back on imagery purchases under the EnhancedView contracts with both companies.
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news links
Thursday, March 5
Rover Examining Odd Mars Rocks at Valley Overlook
NASA/JPL — 8:03 pm ET (0103 GMT)
NASA seeks cause of Mars rover's short circuit
Computerworld — 6:23 pm ET (2323 GMT)
NASA official teases startup competition at Houston SXSW event
Houston Business Journal — 6:21 pm ET (2321 GMT)


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