Tuesday, June 10, 2014

Google Buys Skybox imaging for $500 Million USD

In Google News, Google has agreed to buy satellite start-up Skybox Imaging for $US500 million in cash, the latest in a number of moves by the world’s largest internet search provider to collect and provide data from the sky. Google said it is buying Skybox mainly for its image capabilities. Google also is trying to cover the globe with fast internet access from the sky, using balloons, drones and satellites. The goal is to get everyone in the world online.

This is what SkyBox has to say:
We’re thrilled to announce that Skybox Imaging has entered into an agreement to be acquired by Google!
Five years ago, we began the Skybox journey to revolutionize access to information about the changes happening across the surface of the Earth.
We've built and launched the world’s smallest high­-resolution imaging satellite, which collects beautiful and useful images and video every day. The time is right to join a company who can challenge us to think even bigger and bolder, and who can support us in accelerating our ambitious vision.
Skybox and Google both believe in making information (especially accurate geospatial information) accessible and useful. Whether it’s building cars that drive themselves or designing our own satellites from scratch. We look forward to working with our new Google family and the world at­-large to write the next chapter.
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