GeoEye offers to buy DigitalGlobe
Posted: Sat, May 5, 2012, 12:53 PM ET (1653 GMT)
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.
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.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
Senate committee advances Isaacman nomination to lead NASA
Posted: Sun, May 4 10:23 AM ET (1423 GMT) |
|
news links
|
|
Friday, May 9
Starlink’s launch in India now a matter of when, not if
TechCrunch — 6:27 am ET (1027 GMT) Musk’s Starlink Edges Closer to India Launch with Government Approval
IndUS Business Journal — 6:26 am ET (1026 GMT) SPACECOM Wants to Be Dynamic in Orbit. The Question Is How
Air and Space Forces Magazine — 6:24 am ET (1024 GMT) 'Ludicrous': Why South Texas locals have beef with FAA over Starbase launches
San Antonio Express-News — 6:23 am ET (1023 GMT) Italy’s Air Force chief champions commercial satellite integration
Decode39 — 6:23 am ET (1023 GMT) |
