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DigitalGlobe (NYSE: DGI) has acquired crowdsourcing technology company Tomnod for an undisclosed amount in a move to add Tomnod’s information capture and validation services to its portfolio.
DigitalGlobe’s analytics teams will gather data from Tomnod’s crowdsourced earth observation imagery information and aim to provide clients insights...
The mission of Government Contracting Wire, the long-form name of what readers know as GovCon Wire, is to give readers the latest up-to-the-minute information on business activity of the sector’s largest firms.
GovCon Wire keeps readers abreast of the latest mergers and acquisitions in the GovCon space and gives readers the executive’s perspective...
DigitalGlobe (NYSE: DGI) and (NASDAQ: GEOY) have completed their $900 million cash-and-stock merger, DigitalGlobe said Thursday.
Both companies announced the transaction in July 2012, saying they are aiming to grow in the commercial and international markets and depend less on the U.S. government for revenue.
“I look forward to working closely...
The proposed $900 million cash-and-stock merger between DigitalGlobe (NYSE: DGI) and GeoEye (NASDAQ: GEOY) is expected to receive regulatory approval later this month, Reuters reports.
Andrea Shalal-EsaEmployment Standards Administration and Diane Bartz report the U.S. Justice Department could wrap up its review of the transaction byBudget Year mid-January...
Shareholders at GeoEye (NASDAQ: GEOY) voted at a special meeting Monday to approve the company’s $900 million merger with DigitalGlobe (NYSE: DGI).
According to GeoEye, 98.3 percent of the shares voting at meeting voted in favor of the merger, representing 77.2 percent of that company’s total outstanding shares of common stock as of the meeting.
GeoEye...
Matt O’Connell
GeoEye (NASDAQ: GEOY) announced financial results for the third quarter of its 2012 fiscal year, ended Sept. 30, 2012.
The company reported $264.8 million in revenue for the first nine months of the fiscal year, representing a 2 percent increase over the $259.6 million from the prior year period.
CEO Matt O’Connell said in the...
GeoEye (NASDAQ: GEOY) shareholders will meet in a special session Dec. 3 to vote on the company’s proposed merger with DigitalGlobe (NYSE: DGI).
In a release, GeoEye said the meeting will take place at 11 a.m. at its Herndon, Va. headquarters.
Shareholders of record as of the close of business Oct. 29 will receive notice of the meeting and hold...
GeoEye‘s (NASDAQ: GEOY) decision to sign a merger agreement with DigitalGlobe (NYSE: DGI) was prompted byBudget Year uncertainty over funding for a GeoEye contract with the National Geospatial-Intelligence Agency, GeoEye CEO Matt O’Connell told the Washington Business Journal.
In an interview with reporter Jill Aitoro, O’Connell estimated...
The boards of directors at GeoEye (NASDAQ: GEOY) and DigitalGlobe (NYSE: DGI) have approved a merger, which will be a combined stock and cash transaction worth approximately $900 million.
The companies said Monday they expect to complete the transaction in either the fourth quarter of 2012 or the first quarter of 2013.
A combined company would have lower...
DigitalGlobe Inc. (NYSE: DGI) has turned down GeoEye Inc.’s (NASDAQ: GEOY) acquisition offer of approximately $792 million in cash and stock, or $17 per share.
In a Sunday announcement, DigitalGlobe, a producer of earth imagery, said its board of directors felt GeoEye undervalued DigitalGlobe and its financial and operating performance.
DigitalGlobe...