Todd Wasserman is reporting for Mashable that Google has purchased Titan Aerospace, a 20 person drone maker that Facebook was also interested in purchasing. There were no financial terms on the deal released on the acquisition. Apparently Facebook was interested to the tune of $60 million.
Google has purchased Titan Aerospace, a maker of drones that Facebook was reportedly interested in buying as well.
“Titan Aerospace and Google share a profound optimism about the potential for technology to improve the world,” Google said in a statement provided to Mashable. “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. It’s why we’re so excited to welcome Titan Aerospace to the Google family.”
Titan’s 20-person team will stay in New Mexico and work closely with Google on Project Loon, high-altitude balloons that provide Internet service to areas that currently lack such service. Titan may also work with Makani, a Google project that is developing an airborne wind turbine, according to The Wall Street Journal.
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Drone will be the next toy for the grownup ups..
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