Google to buy satellite company Skybox Imaging for $500 mn

Google Inc said on Tuesday that it is acquiring satellite company Skybox Imaging for USD 500 million in cash.

San Francisco: Google Inc said on Tuesday that it is acquiring satellite company Skybox Imaging for USD 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.

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

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