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
|
|
|
|
news links
|
|
Monday, March 16
Hanwha Acquires KAI Stake After 7 Years, Accelerating 'Korean SpaceX' Ambitions
Seoul Economic Daily — 6:28 am ET (1028 GMT) Sweden's first astronaut urges Filipino students to pursue STEM careers
Manila Bulletin — 6:27 am ET (1027 GMT) NavIC satellite loses its atomic clock: What this means for India’s bid for its own GPS
Indian Express — 6:23 am ET (1023 GMT) Isro's NavIC is down: What is an atomic clock that has put India's desi GPS in danger
India Today — 6:23 am ET (1023 GMT) ISRO's NavIC Satellite IRNSS-1F Suffers Atomic Clock Failure After Completing 10-Year Mission
NDTV.com — 6:23 am ET (1023 GMT) |
