The news popped Thursday night. Of course the bird is not in the sky yet (it launches next week) and the imagery won't be available for another 45- 60 days. But after that assuming all is well with the satellite and receiving stations, Google will add .5 meter (corrected was: .41 meter; corrected per direct communication from Google and comment) to Google Maps and Google Earth.
No word on the price tag, but it should be a good deal: the deal stipulates the imagery not go to any other on-line mapping websites. And, if it matters, Google's logo is on the rocket.
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Reuters