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Tuesday, June 10, 2014

Skybox Announces Acquisition by Google

On its blog Skybox announced today it was to be aquired by Google. 

Skybox and Google share more than just a zip code. We both believe in making information (especially accurate geospatial information) accessible and useful. And to do this, we’re both willing to tackle problems head on — whether it’s building cars that drive themselves or designing our own satellites from scratch.

We are who we are because of the incredible customers, partners, & advisors who have given their time, wisdom, resources & encouragement over the years. To the people who believed in us before anyone else, you know who you are. Thank you.

In addition, we wouldn’t be here without the unwavering support of our friends and family. This has been an incredible journey, and we look forward to working with our new Google family and the world at­-large to write the next chapter.

We should point out that our agreement with Google, which is subject to customary approvals and closing conditions, hasn’t closed yet. So in the short term, it will continue to be business as usual at Skybox.

Google, in a press release, states the price was $500M and it will use it to keep Google Maps up-to-date.

by Adena Schutzberg on 06/10 at 10:56 AM | Comments | Bookmark and Share

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