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Stock Market & Financial Investment News

News Breaks
June 11, 2014
06:45 EDTDGIGoogle acquisition a 'mild negative' for DigitalGlobe, says JPMorgan
JPMorgan views Google's (GOOG) acquisition of satellite imagery provider Skybox Imaging as a "mild negative" for DigitalGlobe (DGI) longer term as Google will be able to compete with DigitalGlobe for certain commercial and civil government applications. The firm does not expect the deal to impact DigitalGlobe's direct revenue from Google over the near term given the recent contract extension. It has a Neutral rating on shares of DigitalGlobe.
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