The largest fleet of commercial imagery satellites in the world might be created, if the proposed acquisition of DigitalGlobe (NYSE:DGI) by its rival GeoEye (NASDAQ:GEOY) were to go to fruition. The latter has offered the former $792 million in a cash and stock transaction, which would represent $17 per share, a 26 percent windfall over its Thursday close.
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Broadcaster NHK (Japan) announces that Micron (NASDAQ:MU) is the successful bidder for the bankrupt Elpida, following the pullout of bidder SK Hynix. The buyer had previously announced an offering of convertible notes that seemed to be connected with Elpida. It is anticipated that a sale of Elpida will further reduce worldwide dynamic random access memory capacity, and allow prices for the commodity to move along in their rebound this year.
Cisco (NASDAQ:CSCO) purchases network data analysis software supplier Truviso, in a deal in which the financials were not reported. The buyer intends to join Truviso’s products with its Prime network management software. The hope is that the new resources will help carriers work with an explosion in the number of Internet-connected devices. Cisco has already integrated its previous purchase ClearAccess, into its system.
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