Google acquires Skybox Imaging

by Staff Reporter | June 25th, 2014

Google has acquired Skybox Imaging, a company that specialises in photography taken by satellites in space, for $500 million.

Skybox claims that it has built and launched the world’s smallest high-resolution imaging satellite, and the company provides data analytics and video of Earth taken from space.

In a statement issued by Google, the search giant said the buyout will help in the development of Google Maps by keeping the service accurate with up-to-date images. More than keeping maps up-to-date, this acquisition will give Google the ability to design and build its own satellites.

“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,” relayed Google’s statement.

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