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Wednesday, January 11, 2017

Report: Google parent company looking to unload Terra Bella

#Google acquired what was then known as #Skybox Imaging in 2014 for an estimated $500 million but now appears interested in selling the company as it seeks to cut costs. A leading contender to acquire #TerraBella is #Planet, the San Francisco-based company that operates a constellation of #Earth imaging cubesats. A deal to sell Terra Bella to Planet would likely include Google taking an equity stake in Planet. Terra Bella has been developing a fleet of smallsats that take higher resolution images than Planet’s cubesats, but less frequently. Terra Bella has seven satellites in orbit, including four launched on a Vega in September.

http://spacenews.com/report-google-parent-company-looking-to-unload-terra-bella/#sthash.4k2ecWS7.dpuf

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