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DigitalGlobe Stock Down After News Of Google-Skybox Merger

Pat Host
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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…

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