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| Google buys Skybox Imaging satellite firm for $500m | |
| (about 5 hours later) | |
| Google said late on Tuesday it agreed to buy satellite start-up firm Skybox Imaging for $500 million in cash. | Google said late on Tuesday it agreed to buy satellite start-up firm Skybox Imaging for $500 million in cash. |
| Google said Skybox’s satellites will help keep Google Maps accurate with up-to-date imagery. | Google said Skybox’s satellites will help keep Google Maps accurate with up-to-date imagery. |
| In time, Google said it hopes that Skybox’s team and technology will also be able to help improve internet access and disaster relief — areas that Google said it has long been interested in. | In time, Google said it hopes that Skybox’s team and technology will also be able to help improve internet access and disaster relief — areas that Google said it has long been interested in. |
| Skybox said on its website that it builds satellites, writes code, and deploys data centres. | Skybox said on its website that it builds satellites, writes code, and deploys data centres. |
| In its statement, Skybox said the time was 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.” | In its statement, Skybox said the time was 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 said it had built and launched the world’s smallest high¬-resolution imaging satellite, which collects images and video every day. | Skybox said it had built and launched the world’s smallest high¬-resolution imaging satellite, which collects 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,” said Skybox. | “We have built an incredible team and empowered them to push the state-of-the-art in imaging to new heights,” said Skybox. |