Google announces to buy satellite maker Skybox for $500 mn

Internet search provider Google has entered into an agreement to buy satellite maker Skybox for $500 million in cash. 
Google said that Skybox's satellites will provide images for Google's online mapping service. Google, the world's No.1 Internet search engine, said that Skybox's technology could also eventually be used to provide Internet access and help with disaster relief.
Skybox said the deal is not complete yet...

"Five years ago, we began the Skybox journey to revolutionise access to information about the changes happening across the surface of the Earth.

"We've made great strides in the pursuit of that vision," it said. We've built and launched the world's smallest high-resolution imaging satellite, which collects beautiful and useful images and video every day.

"We have built an incredible team and empowered them to push the state-of-the-art in imaging to new heights....

Google said that Skybox's satellites will provide images for Google's online mapping service. Google, the world's No.1 Internet search engine, said that Skybox's technology could also eventually be used to provide Internet access and help with disaster relief.

regards : m2soft solutions Pvt. Ltd.

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