Google will buy Skybox for 500 million dollar
The search engine giant Google will buy Skybox for $500 million in cash. Skybox said the deal is not complete yet. Skybox is provided commercial high-resolution satellite imagery, high-definition video and analytics services. It was founded in 2009 by Dan Berkenstock, Julian Mann, John Fenwick, and Ching-Yu Hu. Its satellites will help keep Google Maps accurate with up-to-date imagery. Skybox’s satellites packed with sensors and camera electronics that take high-resolution images and video of the earth.
Google said the deal’s closing is subject to regulatory approvals in the United States. Google has goal to provide online access to remote areas of the world which would likely increase the number of Google searches and boost the company’s advertising revenue, as well as usage of services such as Gmail and Maps. Skybox has nearly 120 employees who will with Google’s Maps business.
Google use image from 1000 sources for google map but these sources are updated image of earth very few months or years. Skybox shall to update images daily.
“The time is right to join a company who can challenge us to think even bigger and bolder, and who can support us in accelerating our ambitious vision,” Skybox said on in its Website on Tuesday