Boulder-based Vexcel Acquired by Microsoft
Vexcel specializes in remote sending and data acquisition and processing. This may seem like a step away from Microsoft's core competency which is selling software. Vexcel is more of a hardware, services, and data (imagery) company. However, the acquisition should help Microsoft compete in providing the freshest and most detailed imagery for Windows Live Local and Virtual Earth.
More information can be found on these news and other sites --
Original annoucement on dailycamera.com
Vexcel web site home page
Chris Pendleton's blog
The Inquirer's take
CNET News article