Google may sell off its satellite imaging division

Stefan Mileschin · 24th January 2017, 07:19

Planet Labs is a potential fit

According to the latest reports from The Wall Street Journal and Bloomberg, there is an effort underway by Alphabet Inc. to slash some of its long-term projects and R&D divisions, including Google’s own satellite imaging unit.

Alphabet chief financial officer Ruth Porat, a former finance chief from Morgan Stanley, is said to be cutting back on some of the search engine giant’s more ambitious projects. This includes suspending Google Fiber expansion plans until affordability catches up with demand, and selling its satellite imaging division (formerly known as Terra Bella) to a competitor known as Planet. As for acquiring mapping data in the future, the company plans to purchase it from other independent groups rather than launching and operating expensive satellites.

http://fudzilla.com/news/42680-googl...aging-division

24th January 2017, 07:19	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,541	Google may sell off its satellite imaging division Planet Labs is a potential fit According to the latest reports from The Wall Street Journal and Bloomberg, there is an effort underway by Alphabet Inc. to slash some of its long-term projects and R&D divisions, including Google’s own satellite imaging unit. Alphabet chief financial officer Ruth Porat, a former finance chief from Morgan Stanley, is said to be cutting back on some of the search engine giant’s more ambitious projects. This includes suspending Google Fiber expansion plans until affordability catches up with demand, and selling its satellite imaging division (formerly known as Terra Bella) to a competitor known as Planet. As for acquiring mapping data in the future, the company plans to purchase it from other independent groups rather than launching and operating expensive satellites. http://fudzilla.com/news/42680-googl...aging-division

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