spacetoday.net: space news from around the webin association with SpaceNews


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.
<<previous article   next article>>
news in brief
news links
Tuesday, August 4
Astronomy conference skirts TMT debate
HawaiiNewsNow — 5:49 am ET (0949 GMT)
Congress Is Worried About SpaceX
DCInno — 5:45 am ET (0945 GMT)
Experts recall the first flyby of Mars 50 years ago
Pasadena Star-News — 5:38 am ET (0938 GMT)
Create beautiful photos of space
BBC — 5:37 am ET (0937 GMT)


about spacetoday.net   ·   info@spacetoday.net   ·   mailing list