Alphabet Inc. (NasdaqGS:GOOGL) is in advance talks to sell Terra Bella to Planet Labs Inc. or The Climate Corporation. Sources tell TechCrunch that Alphabet is in advanced discussions to sell its Terra Bella satellite business to Planet Labs. Alphabet also considered a sale to at least one other company, Monsanto's Climate Corporation, for around $300 million.

TechCrunch sources say that the deal is in progress and have provided other details. The transaction, one source said, is “essentially already done” and will involve employees as well as satellite assets. We've not heard a firm price.

Aside from the $300 million figure we heard, another described Terra Bella as essentially being “donated” to Planet. Both Alphabet and Planet Labs declined to comment. Climate Corporation response is awaited.