Google Could Sell Terra Bella to Planet Lab

planet_labs_logoIt looks as if Google’s foray into satellites could be short lived:

Alphabet Inc.’s Google is in talks to sell its satellite business to competitor Planet Labs Inc., a satellite-imagery startup that is seeking a new round of funding to help pay for the possible acquisition, according to people familiar with the talks.

The sale of its satellite-imagery unit, Terra Bella, would be a rapid about-face for Google, which has recently shed some of its bolder ventures. Google bought the company for $500 million in 2014, when it was known as Skybox Imaging.

Discussions about the possible acquisition, which were first reported by Bloomberg News on Monday, are focused on a possible cash plus equity deal, the people said. Planet, founded in 2011, is seeking to raise funds to help finance the deal and pay for continuing operations, one of the people said.

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  • mlc449

    A shame. It looks like the days of Moonshot Google are over as it becomes increasingly swayed by the short-term demands of Wall St investors.

  • windbourne

    that is not quite what is happening.
    The new CEO is Indian and he is simply selling off American work and moving operations to India.

    Sad.

  • MzUnGu

    I would of been betting on Terra Bella to work among all the new batch of imaging startups, because they had bigger optics and all….but if even Google can’t see a biz case in them,… guess time for a bunch of consolidation.

  • Michael Vaicaitis

    to quote a well known writer:

    “that is not quite what is happening.”

    Sundar Pichai (American citizen) is the Google CEO, Alphabet is Google’s parent company and Larry Page is (still) CEO. Alphabet/Google will no doubt want to expand as much as possible into the Indian market of 1.25 billion people (4 times the population of the US), but I wouldn’t expect them to leave Mountain View any time soon.

    Happy.

  • windbourne

    And yet, America alone has far more connected ppl than does India.
    In addition, it makes little sense to destroy a company and the brand just to jump into other market places.

  • Michael Vaicaitis

    “…he is simply selling off American work and moving operations to India.”
    What leads you to believe this?.

    “…it makes little sense to destroy a company and the brand just to jump into other market places.”
    What?