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Google to buy satellite company Skybox Imaging for $625 million

Published on Jun 11, 2014 2:01 AM
A sign is posted in front of the Skybox Imaging headquarters on June 10, 2014 in Mountain View, California. Google announced an agreement to purchase the high quality satellite image provider Skybox Imaging for US$500 million (S$625 million). -- PHOTO: AFP

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.