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TAGGED AS SKYBOX IMAGING INC.

Google buys satellite company to improve Net access

Media | 06/11/2014 2:32 pm EDT

Google Inc. said Tuesday it had reached a deal to buy satellite company Skybox Imaging Inc. and hopes it can help it improve Internet access in some areas. Google said in a press release it is buying Skybox for $500 million US in cash. "Skybox’s satellites will help keep Google Maps accurate with up-to-date imagery," Google said in the release. "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." The transaction is subject to regulatory...