June 10 2014

 Google Inc. has entered into an agreement to buy Skybox Imaging for $500 million in cash, subject to adjustments.

Skybox’s satellites will help keep Google Maps accurate with up-to-date imagery. Over time, we also hope that Skybox’s team and technology will be able to help improve Internet access and disaster relief — areas Google has long been interested in.

The transaction is subject to customary closing conditions, including the receipt of regulatory approvals in the US.