Tuesday, January 10, 2017

Report: Alphabet Hoping To Sell Skybox Imaging

A report late Monday said that Google's parent company, Alphabet Inc., is looking to sell its Skybox Imaging satellite business. According to reports, Alphabet is hoping to sell Skybox to fellow satellite imaging company Planet Labs. Financial details of the deal, and confirmation of the move, have yet to be announced. Google acquired Skybox Imaging for $500M in cash back in June of 2014.