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DigitalGlobe Stock Down After News Of Google-Skybox Merger

Pat Host

Tuesday, June 10th, 2014

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DigitalGlobe Stock Down After News Of Google-Skybox Merger

Photo: NASA.

DigitalGlobe’s [DGI] stock price finished down $1.25 per share on NASDAQ Tuesday after news broke of Google’s [GOOG] agreement to acquire satellite imager Skybox Imaging for $500 million in cash, subject to adjustments. DigitalGlobe viewed Skybox as a major existing competitor, according to its annual 10-K filing with the Securities and Exchange Commission (SEC). Skybox also listed Google as an existing competitor as an aggregator of imagery and imagery-related products and services. DigitalGlobe said its marketing efforts could be negatively…

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]

Congress

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Army

Army Taking ‘More Refined’ Approach On Push For Right To Repair Reforms, Obadal Says

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Unmanned Systems

Counter-Drone Needs Will Be Addressed In Next NDAA Based On Iran War Lessons, Banks Says

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