Facebook in talks to acquire drone company

Facebook is in talks to buy drone-maker Titan Aerospace for $60 million, according to media reports. The high-flying drones would let Facebook Inc. beam Wi-Fi signals to the 5 billion consumers in underdeveloped parts of the world who don’t have Internet access, according to the technology blog TechCrunch.
TechCrunch first reported the deal late on Monday, citing an anonymous source. The acquisition, if completed, would help advance Facebook’s Internet.org effort, which is aimed at connecting billions of people who do not currently have Internet access to online media. Most of them are in Africa and Asia.
Facebook declined to comment.

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(Photo: Jonathan Nackstrand/AFP/Getty Images)

Facebook in talks to acquire drone company

Facebook is in talks to buy drone-maker Titan Aerospace for $60 million, according to media reports. The high-flying drones would let Facebook Inc. beam Wi-Fi signals to the 5 billion consumers in underdeveloped parts of the world who don’t have Internet access, according to the technology blog TechCrunch.

TechCrunch first reported the deal late on Monday, citing an anonymous source. The acquisition, if completed, would help advance Facebook’s Internet.org effort, which is aimed at connecting billions of people who do not currently have Internet access to online media. Most of them are in Africa and Asia.

Facebook declined to comment.

Read more

(Photo: Jonathan Nackstrand/AFP/Getty Images)

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    There’s only five billion ways this could end terribly, it’s totally cool
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    A much better idea than Amazon’s similar interest to acquire drones to “personally ship packages.” While that would be...
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