Google to Buy Satellite Service Skybox for $500 Million to Improve Maps

Google has agreed to acquire Skybox, a satellite imaging service, for $500 million, the companies announced on Tuesday

“Their satellites will help keep our maps accurate with up-to-date imagery," Google said in a statement. "Over time, we also hope that Skybox’s team and technology will be able to help improve Internet access and disaster relief — areas Google has long been interested in.”

Skybox was founded five years ago and provides high-resolution satellite imagery that can help businesses get more information about everything from crop production to shopping habits. Read more...