Google reportedly selling off its satellite imaging division


Google reportedly selling off its satellite imaging division
  1. Google reportedly selling off its satellite imaging division
    panarmenian.net
    Planet, a satellite imaging startup former known as Planet Labs, may acquire Skybox, according to people familiar with the…
    Technology

PanARMENIAN.Net - Alphabet Inc. is in talks to sell the Skybox Imaging satellite business it acquired for $500 million less than three years ago, another sign the technology giant is ratcheting back grand ambitions to blanket the globe with internet service, Bloomberg reveals.

Planet, a satellite imaging startup former known as Planet Labs, may acquire Skybox, according to people familiar with the situation. Some employees from the Alphabet division, renamed Terra Bella last year, would move to Planet as part of the deal, while others may get different positions at Google, according to these people. They asked not to be identified because the transaction is private.

Representatives from Planet and Alphabet’s Google unit declined to comment.

The move signals an ambitious agenda for Planet, which has raised more than $150 million. In contrast, Google parent Alphabet has been curbing once-audacious plans to blanket the globe with internet access, partly through networks of small satellites. In October, the company cut about 9 percent of staff from its Fiber fast internet service.

In June 2014, when Google acquired Skybox, the search giant said its equipment would help keep Google Maps accurate with up-to-date imagery. It also hoped to use the technology to improve internet access and disaster relief. The division operated within Google’s mapping business and it launched a small number of satellites, each…

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