Google Inc. announced today that it has entered into an agreement to buy Skybox Imaging for $500 million in cash, subject to adjustments.
Skyboxâ€™s satellites will help keep Google Maps accurate with up-to-date imagery. Over time, we also hope that Skyboxâ€™s team and technology will be able to help improve Internet access and disaster relief — areas Google has long been interested in.
Skybox is a Mountain View, Calif.-based manufacturer of private sector satellites, which record high resolution videos and photos of landscapes. Looks to be a good fit for Google Maps.