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Google sells satellite
imaging business Terra Bella to Planet Labs
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 [February 04, 2017]
(Reuters) - Alphabet Inc's Google
said on Friday it would sell its satellite imaging business, Terra
Bella, to Planet Labs, a San Francisco-based private satellite operator
founded by former NASA scientists.
The financial terms of the deal were not disclosed.
As part of the deal, Planet Labs will acquire the Terra Bella business
including the SkySat constellation of satellites, Alphabet said.
http://bit.ly/2kqmTfL
Google will enter into a multi-year contract to purchase Earth-imaging
data from Planet Labs after the deal closes.
Google had acquired Terra Bella, originally known as Skybox Imaging, for
$500 million in 2014.
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The Google logo is seen on a door at the company's office in Tel
Aviv January 26, 2011. REUTERS/Baz Ratner/File Photo
The deal will help Planet Labs broaden its available data and add new customers.
Planet Labs is one of several startups aiming to harness technology allowing
satellites to become smaller and less expensive, making it easier to deploy
large networks of satellites at less risk and lower cost than previously.
(Reporting by Narottam Medhora in Bengaluru; Editing by Savio D'Souza)
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