Earth Imaging Journal: Remote Sensing, Satellite Images, Satellite Imagery
Breaking News
Robotic Arms Secure CATS Instrument on ISS
Robotic arms installed the Cloud-Aerosol Transport System (CATS) laser...
Planet Labs Raises $95 Million
Planet Labs recently closed a $70 million Series C...
UAS Stays Aloft for 80 Hours to Claim Endurance Record
An 80-hour flight of Aurora Flight Sciences’ Orion unmanned...
Germany Prepares a Microsatellite for Forest Fire Detection
The German Aerospace Center (DLR) has plans to launch...
ArcGIS 10.3 and ArcGIS Pro Modernize GIS for Organizations and Enterprises
Redlands, Calif., Jan. 27, 2015—Esri announced today that ArcGIS 10.3 is now...

Operating under the name DigitalGlobe, the combined company will deliver more than $1.5 billion in primarily capital-related synergy savings.

DigitalGlobe (NYSE: DGI) and GeoEye (NASDAQ: GEOY) approved a definitive merger agreement under which the companies will combine in a stock and cash transaction valued at approximately $900 million.

The combined company will be named DigitalGlobe and continue to trade on the New York Stock Exchange under the symbol DGI. Jeffrey R. Tarr, president and CEO of DigitalGlobe, will serve as president and CEO of the combined company, and General Howell M. Estes III, chairman of the board of DigitalGlobe, will serve as chairman. It is anticipated that, after close, Matt O’Connell,CEO and president of GeoEye, will assist the management of the combined company in an advisory capacity. The company will be headquartered in Colorado, have a large and important presence in Missouri and Virginia, and maintain offices in other locations around the globe.

Read the full story.

Comments are closed.