Local Business Alert: GeoEye, DigitalGlobe combine in $900M deal

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The Washington Post Monday, July 23, 2012 11:26:04 AM
LOCAL BUSINESS ALERT

GeoEye, DigitalGlobe combine in $900M deal


Herndon-based GeoEye has agreed to combine with competitor DigitalGlobe in an agreement worth $900 million as the satellite imagery companies face a federal budget cut to one of their most lucrative contracts.

Longmont, Colo.-based DigitalGlobe appears to have the upper hand in the deal. The combined company will retain the DigitalGlobe name and its executive leadership, according to a statement, and its shareholders will control 64 percent of the firm.


Read more at:
http://www.washingtonpost.com/blogs/capital-business/post/geoeye-digitalglobe-merge-in-900m-deal/2012/07/23/gJQARgzN4W_blog.html



Or visit Capital Business or the Local Business section on washingtonpost.com.
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