Google Inc on Tuesday said it is acquiring satellite company Skybox Imaging for $500 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 internet giant also said the deal's closing is subject to regulatory approvals in the United States.
Copyright @ Thomson Reuters 2014
Google Inc on Tuesday said it is acquiring satellite company Skybox Imaging for $500 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 internet giant also said the deal's closing is subject to regulatory approvals in the United States.
Copyright @ Thomson Reuters 2014
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