Google buys Skybox Imaging for $500M

The acquisition price for the satellite imagery/analytics provider is well below the ~$1B mentioned in a prior TechCrunch report.

Google (GOOG -0.5%) declares Skybox's satellites "will help keep our maps accurate with up-to-date imagery," and could also be used in time to "help improve Internet access and disaster relief ."

The deal comes barely a week after the WSJ reported Google plans to spend ~$1B to $3B+ to build a satellite fleet to provide Web access to underserved regions. Skybox, for its part, has already placed an order for 13 small satellites to complement one that it's in the air and another that's set to launch.

Google Maps/Earth imagery provider DigitalGlobe (DGI -2.5%) has dipped on the news.

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Comments (4)
  • Blue22
    , contributor
    Comments (449) | Send Message
    The blind leading the blinder!
    10 Jun 2014, 02:17 PM Reply Like
  • Davidoff
    , contributor
    Comments (409) | Send Message
    At some point GOOG is actually going to get broken into pieces by the US or EU. GOOG becomes way too powerful and with projects such as self driving cars, military drones, home control, military robotics and now satellites, they start to look more and more like some James Bond villains (not even to mention that Sergey Brin is from USSR). I'm kidding of course, however the perception of GOOG in Europe and Asia is extremly negative and people tend to see GOOG as a potential threat. At first, people were afraid for their privacy and were concerned by author rights trials and their fiscal technics, but today with their new projects it seems like GOOG is about to create its own army and settle a 1984 Big Brother's regime at our homes. It would be extremely easy for governments to justify the break up, even without their famous "informative" campaigns for citizens. Today we don't really see where Google is going, what is their direction and what are their purposes, so it would be quiet interesting to see what will go on next.
    10 Jun 2014, 04:20 PM Reply Like
  • Daniel Radakovich
    , contributor
    Comments (1016) | Send Message
    I thought it has been known for years once Google started they were going to take over the world. Where have you been?
    10 Jun 2014, 10:12 PM Reply Like
  • DanoX
    , contributor
    Comments (3494) | Send Message
    Only if you make a actual profit on something other than search.
    10 Jun 2014, 06:57 PM Reply Like
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