Google acquires satellite imaging company SkyBox for $500 million, will eventually use it for Internet access
Satellite company SkyBox just announced that it has been acquired by Google for $500 million. The two have been in talks for several months now, with the deal finally being announced today. SkyBox Imaging is a company that takes high resolution photos using satellites. Google, in a statement, had the following to say about the company:
“Skybox’s satellites will help keep Google Maps accurate with up-to-date imagery. Over time, we also hope that Skybox’s team and technology will be able to help improve Internet access and disaster relief — areas Google has long been interested in.”
