` Facebook reportedly in talks to take-over over `Titan Aerospace’ and build its own fleet of Drones ‘
#AceSocialNews says that Facebook is reportedly in talks to take over an American-based aerospace company, and if so the social networking site could soon have its fleet of drones delivering the internet to currently unconnected people across the world.
TechCrunch was the first website to report this week on rumors that Mark Zuckerberg’s Facebook is interesting in acquiring Titan Aerospace — a deal that is believed to be worth as much as $60 million.
But while that hefty sum is not exactly chump change, it’s just a fraction of what Facebook has spent on other acquisitions recently: Facebook bought mobile photo app Instagram for $1 billion in cash and stock in 2012, and only weeks ago forked over nineteen-times that to acquire the rights to the WhatsApp program.
This time, however, Facebook could be getting its hands on some drones, and ideally harnessing the abilities of those unmanned aerial vehicles to bring the internet to the estimated 2.7 billion people currently without access.
Titan Aerospace is responsible for making near-orbital, solar-powered drones, and TechCrunch says Facebook could be spending millions of dollars to acquire the company and get around 11,000 of those small UAVs in return.
According to TechCrunch, Facebook’s new arsenal would be composed of Titan’s “Solara 60” UAVs, an aircraft that can carry a payload of 250 pounds apiece.
On the Titan website, the company explains that these drones can be used for anything from weather monitoring to disaster recovery to earth imaging, and provides customers with “easy access to real-time high-resolution images of the earth, voice and data services, and other atmospheric-based sensor systems.”
RT – TechCrunch – #ASN2014