Herndon-based GeoEye has agreed to combine with competitor DigitalGlobe in an agreement worth $900 million as the satellite imagery companies face a federal budget cut to one of their most lucrative contracts.
Longmont, Colo.-based DigitalGlobe appears to have the upper hand in the deal. The combined company will retain the DigitalGlobe name and its executive leadership, according to a statement, and its shareholders will control 64 percent of the firm.
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