Jio’s entry to Indian market with disruptive offers forced competitors to reduce data pricing, as a result there was a dramatic increase in Facebook traffic. The impact was so much that it took Facebook’s global monthly active user (MAU) numbers to record highs. In its December-quarter earnings call with investors on Wednesday, the social media giant…
Skybox Imaging today announced that it has entered into an agreement to be acquired by Google.
“Five years ago, we began the Skybox journey to revolutionize access to information about the changes happening across the surface of the Earth. We’ve built and launched the world’s smallest high-resolution imaging satellite, which collects beautiful and useful images and video every day. We have built an incredible team and empowered them to push the state-of-the-art in imaging to new heights. The time is right to join a company who can challenge us to think even bigger and bolder, and who can support us in accelerating our ambitious vision,” the company said in a statement.
“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,” the company said.
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”.
It also informed that the company should point out their 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.