Google to buy drone-maker Titan Aerospace in hopes of expanding Internet access
(Reuters) – Google Inc said it will buy drone-maker Titan Aerospace in an attempt to provide Internet access to more parts of the world, the Wall Street Journal reported on Monday.
Google did not disclose a purchase price for Titan, whose solar-powered drones are intended to fly for years, the paper said. (http://r.reuters.com/qyh58v)
Facebook Inc said early in March that in was in talks to buy Titan for $60 million, according to media reports.
Last year Google launched a small network of balloons over the Southern Hemisphere, dubbed as Project Loon, in an experiment it hopes could bring reliable Internet access to the world’s most remote regions.
(Reporting By Lehar Maan in Bangalore; Editing by Savio D’Souza)