Google sells satellite business Terra Bella to Planet Labs
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.
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.
The deal will help Planet Labs broaden its available data and add new customers. ■