DigitalGlobe Surveillance Spy Espionage
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DigitalGlobe + GeoEye... A Melding Of Resources (Business + Imagery) [SatNews] DigitalGlobe, Inc. (NYSE: DGI) and GeoEye, Inc. (NASDAQ: GEOY), have 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.
DigitalGlobe and GeoEye Agree to Combine to Create a Global Leader in Earth Imagery and Geospatial AnalysisDigitalGlobe and GeoEye Agree to Combine to Create a Global Leader in Earth Imagery and Geospatial Analysis LONGMONT, CO and HERNDON, VA -- (Marketwire) -- Jul 23, 2012 -- DigitalGlobe, Inc. ( : DGI ) and GeoEye, Inc. ( : GEOY ), 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.
“These images supplied by DigitalGlobe show reactors No. 1 and 3 at the Fukushima Daiichi nuclear power plant before and after the explosions on March 12 and March 14, respectively. DigitalGlobe’s images show the extent of the damage sustained by the buildings that house Fukushima Daiichi’s core reactor vessels. The 9.0 magnitude earthquake in Japan damaged the coolant systems at the reactors, and the resulting buildup of hydrogen and pressure in the reactors’ outer buildings resulted in explosions. The nearby Fukushima Daini nuclear power plant has also experienced cooling problems at the Nos. 1, 2 and 4 reactors. The situation has continued to deteriorate, with an explosion occurring at Fukushima Daiichi reactor No. 2 at 6:10 a.m. local time, and a fire erupted and was subsequently extinguished at reactor No. 4 on March 15.
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July 23, 2012 5:33 PM Herndon-based GeoEye, Inc. and DigitalGlobe Inc. of Longmont, Colo., announced Monday that the boards of directors of both companies have approved a definitive merger agreement, combining the companies in a stock and cash transaction valued at about $900 million. According to the companies, the deal will create a global leader in earth imagery and geospatial analysis with a more diversified revenue base, a stronger financial foundation and significant growth potential. Under the terms of the agreement, GeoEye shareowners will have the right to elect either 1.137 shares of DigitalGlobe common stock and $4.10 per share in cash, or 100% of the consideration in cash ($20.27), or 100% of the consideration in stock (1.425 shares of DigitalGlobe common stock), for each share of GeoEye stock they own.
W ASHINGTON: Someone had to lose in the battle for survival in the commercial spy satellite business. Yesterday's announcement that DigitalGlobe and GeoEye would "combine" left it clear that DigitalGlobe had won. Recommended for you X Recommended for you X
BIZMOLOGY — In July 2012, the two principal US providers of high-resolution images of the Earth – DigitalGlobe and GeoEye – agreed to a $900 million cash and stock deal that will create a global powerhouse in the commercial satellite imaging industry. The combined company will have five satellites in orbit, two satellites under construction and scheduled for launch within two years, and a fleet of airplanes that collect high-resolution aerial images. Ultimately, they plan to maintain a constellation of three satellites optimized to meet the needs of the US government, foreign governments, and commercial customers.
By Adam Levine China's refurbished Russian aircraft carrier was snapped at sea in this exclusive image taken by DigitalGlobe's satellite. The Varyag aircraft carrier image was grabbed while the carrier was on its second sea trial in the Yellow Sea on December 8, 2011, according to DigitalGlobe Analysis Center . The location is approximately 100 kilometers south-southeast of the port of Dalian.
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Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in CYNO over the next 72 hours. The recent earnings season has been exciting, with stocks gapping and running in both directions at quite an incredible pace. These powerful gaps in either direction have been providing investors, who purchase the gap at the open, with some very handsome gains by the end of the day.
[Satellite TODAY 06-05-12] DigitalGlobe will significantly expand its delivery of high-resolution imagery to Roslesinforg , a division of the Federal Forestry Agency of Russia, through its Sovzond regional distributor, the companies announced June 4. Roslesinforg contracted Sovzond in 2011 to supply DigitalGlobe satellite imagery to better manage key forestry regions across the Russian Federation. DigitalGlobe said Sovzond’s new contract more than doubles the amount of imagery to be delivered and greatly increases the regions covered to help the agency protect against illegal logging and manage urban development.
While most corporations have figured out how to start a business with other people’s money, some wireless communications and broadcasting companies have figured out how to actually run a business on other people’s money. How do they do it? By collecting as much money as possible in advance from customers and holding out on paying others, says Chuck Mulford, an accounting professor at Georgia Tech University and director of the Georgia Tech Financial Analysis Lab.
More than three-quarters of the U.S. government’s satellite images don’t come from government satellites. They’re provided by two companies, GeoEye and DigitalGlobe. So alarms began to ring in Washington in February, when those two companies started talk to become one, forming a monopoly in space and radically altering the economics of the commercial satellite industry and how we see the Earth from above. Months of friendly merger talks were sparked by fears of military budget cuts that made both companies think of joining forces to avoid huge losses. On May 6 DigitalGlobe turned down a surprise $792 million hostile takeover bid from GeoEye.
LONGMONT - Satellite imagery provider DigitalGlobe Inc. has rejected what the company characterizes as a hostile takeover attempt by a desperate competitor. News of the company's decision came May 6, two days after GeoEye Inc. (Nasdaq: GEOY), a Herndon, Virginia-based satellite-imagery company, announced it was making a takeover bid for DigitalGlobe (NYSE: DGI), which is headquartered in Longmont. The bid was for $17 per share, or about $792 million.