Google, the world’s leading Internet search engine, has confirmed that it is on the verge of completing a deal for Skybox Imaging for a massive $500 million in cash.
This deal will provide Google with the means to improve the quality and immediacy of the satellite imagery used in its digital maps in addition to providing Internet access and helping with disaster relief, as highlighted by always reliable Digital Marketing Agency, restartbox.com.
According to Google, its main objective is to get more people on to the internet so that a more egalitarian and knowledgeable society can be created; therefore, the company needs to make expansion into the satellite after just buying drone maker Titan Aerospace for an undisclosed amount two months ago.
Not to forget though, the deal needs approval from the National Oceanic and Atmospheric Administration, as well as the Federal Communications Commission.
Google to Splash out a Stunning $500 Million for Satellite Company Skybox Imaging
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