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Alphabet Said in Talks to Sell Skybox Satellite Business

  • Planet Labs may buy Skybox and gain new employees from deal
  • Alphabet curbs plans for global internet satellite network
SkySat-4 image over Google Headquarters in Mountain View, CA on September 23, 2016.
Source: Terra Bella
Updated on

Alphabet Inc. is in talks to sell the Skybox Imaging satellite business it acquired for $500 million less than three years ago, another sign the technology giant is ratcheting back grand ambitions to blanket the globe with internet service.

Planet, a satellite imaging startup former known as Planet Labs, may acquire Skybox, according to people familiar with the situation. Some employees from the Alphabet division, renamed Terra Bella last year, would move to Planet as part of the deal, while others may get different positions at Google, according to these people. They asked not to be identified because the transaction is private.