Monday, April 14, 2014

Google Beats Facebook to Buy Drone Maker Titan Aerospace






The technology company announced Monday that it has acquired Titan Aerospace, a start-up founded in 2012 that makes high-altitude, solar-powered drones.

The purchase is part of the new push in Silicon Valley to find ways of delivering Internet service to underserved areas, particularly in the developing 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."

The companies didn't respond to requests for comment on the terms of the deal.


Facebook had been rumored to be trying to buy Titan back in the beginning of March.

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