LONGMONT, CO and HERNDON, VA--(Marketwire - Jul 23, 2012) - DigitalGlobe, Inc. (NYSE :DGI) and GeoEye, Inc. (NASDAQ : 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.
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