Wow, read all about it at Google Acquisition FAQ's but a few key points;
How will @Last and Google work together?
Work together? We are together – @Last Software is now Google.
What does this mean for SketchUp the product?
Although we don’t know exactly what new capabilities we’ll be able to build into SketchUp, it’s probably safe to say that the additional resources we get from Google will give us the ability to do more cool stuff than ever before.
Will SketchUp continue to serve the AEC markets?
Absolutely; that is the core of our business and we will continue to serve it.
Post on the Google Blog
I heard via www.tenlinks.com