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Post Info TOPIC: DigitalGlobe and GeoEye
Blobrana


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RE: DigitalGlobe and GeoEye
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GeoEye merger brings company's rocky trajectory to an end

GeoEye seemed to have finally overcome years of setbacks in 2010 when the Herndon-based company won a hefty portion of a $7.3 billion contract to provide the federal government with satellite imagery.
But shortly after ink dried on the 10-year deal, government funding for the EnhancedView program began to erode. Just last month, GeoEye learned that money allotted for the coming fiscal year would be delayed at best, and significantly cut at worst.
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Blobrana


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DigitalGlobe and GeoEye agree to combine to create a global leader in earth imagery and geospatial analysis.

DigitalGlobe, Inc. and GeoEye, Inc., today announced that the boards of directors of both companies have unanimously approved a definitive merger agreement under which the companies will combine in a stock and cash transaction valued at approximately $900 million. The combination of DigitalGlobe and GeoEye will create a global leader in earth imagery and geospatial analysis with a more diversified revenue base, a superior financial foundation and significant growth potential.
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