Google to buy satellite company Skybox Imaging for $625 million
Published on Jun 11, 2014 2:01 AM
SAN FRANCISCO (REUTERS) - Google Inc said on Tuesday that it is acquiring satellite company Skybox Imaging for US$500 million (S$625 million) in cash.
Google, the world's No.1 Internet search company, said that Skybox's satellites will provide images for Google's online mapping service.
Google said that Skybox's technology could also eventually be used to provide Internet access and help with disaster relief.
The deal's closing is subject to regulatory approvals in the United States, the company added.