Google buys Skybox

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Google-Maps-182x212Google Inc. has announced its acquisition of satellite company, Skybox Imaging Inc. for $500m, as it works to bolster its mapping services, Bloomberg has reported.

Skybox has designed satellites to capture images and deliver them to customers with details down to less than a metre.

The all-cash deal is subject to adjustments, Google said. “Skybox’s satellites will help keep Google Maps accurate with up-to-date imagery,” the company said.

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