Google acquires satellite company Skybox for $500m

Tuesday 10 June 2014 18.56
Google said Skybox's technology could eventually provide internet access
Google said Skybox's technology could eventually provide internet access

Google has said that it is acquiring satellite company Skybox Imaging for $500 million in cash.

Google, the world's biggest internet search and advertising 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.

Google said the deal's closing is subject to regulatory approvals in the United States.