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Deals Rumor Mill: Google, Cinven, Protective Life

By Chelsea Naso (June 2, 2014, 5:39 PM EDT) -- Google Inc. plans to shell out more than $1 billion for a fleet of satellites to extend Internet access to unwired regions of the world, hoping to overcome financial and technical challenges that have thwarted previous attempts, sources told MarketWatch on Monday. While the details are still being fine-tuned, the project is expected to begin with about 180 small, high-capacity satellites orbiting the earth at lower altitudes than traditional satellites. The California-based tech company is counting on new Internet users to boost revenue and earnings....

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