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Google acquires drone company, Titan Aerospace

The rumors were wrong, Google, not Facebook, has just acquired Titan Aerospace, the drone manufacturer whose planes can spend years aloft with no refueling (NASDAQ:FB, NASDAQ:GOOG)

| Business, Financial & Legal News | Posted: Apr 14, 2014 11:45 pm

For weeks now it has appeared that Facebook would be swooping in and buying up drone manufacturer, Titan Aerospace, but today Google has apparently beaten Facebook to the punch and picked up the company itself. While no price has been mentioned on how much the deal cost Google, it does mark the third company of this type that the Mountain View-based company has added to its stables.

 

TweakTown image news/3/7/37039_1_breaking_news_google_acquires_drone_company_titan_aerospace.jpg

 

"Titan Aerospace and Google share a profound optimism about the potential for technology to improve the world. It's still early days, but atmospheric satellites could help bring internet access to millions of people, and help solve other problems, including disaster relief and environmental damage like deforestation," said a Google spokesperson.

 

Google says that it will utilize technology from Titan Aerospace, its Project Loon, and Makani Airborne, a wind turbine company it acquired last year, to work on a solution that will bring unbiased, and unfiltered internet to developing and war-torn countries around the world. "Titan Aerospace and Google share a profound optimism about the potential for technology to improve the world," Google said. "It's still early days, but atmospheric satellites could help bring internet access to millions of people, and help solve other problems, including disaster relief and environmental damage like deforestation."

NEWS SOURCES:Online.wsj.com

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