Allied Minds to sell its stake in commercial sat-SigInt provider Hawkeye 360 to Advance Publications

by Peter B. de Selding

UPDATE Sept. 15: This story was updated to include comments from Hawkeye 360 Chief Executive John Serafini.

PARIS — Allied Minds is selling its shares in commercial space-based electronics-intelligence provider Hawkeye 360 to privately held Advance Publications, owned by the Newhouse family, in what looks like a decidedly un-strategic transaction.

The cash deal values Hawkeye 360 at about $191 million — equivalent to its early-August valuation following a $70 million Series B financing round, in which Advance was an undisclosed investor.

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