Skybox announced the acquisition on its homepage Tuesday. NEW YORK (CNNMoney) Google's start-up shopping spree shows no signs of letting up. The search giant announced Tuesday that it's paying $500 million for Skybox Imaging, a start-up that provides real-time, high-resolution satellite imagery.
Google (GOOGL, Tech30) says it plans to use Skybox satellites to "keep Google Maps accurate with up-to-date imagery." Google also said in a blog post that Skybox could help it bring Internet access to remote areas and help with disaster relief.
Google has been experimenting with the delivery of Internet signals from high-altitude vehicles, including balloons and drones. In April, it announced the purchase of solar-powered drone maker Titan Aerospace, a company that had also reportedly drawn interest from Facebook (FB, Tech30).
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Skybox, founded in 2009, said Google will "support us in accelerating our ambitious vision."
"We both believe in making information (especially accurate geospatial information) accessible and useful," Skybox said in a blog post.
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