Facebook linked to acquisition of US drone maker

Reports suggest Facebook is about to snap up Titan Aerospace for $60 million.


Social networking giant Facebook is reportedly on the brink of buying solar-powered drone manufacturer Titan Aerospace for $60 million.

Facebook is interested in buying the company as part of its wider aim to bring internet connectivity to some of the world's poorest places, according to a TechCrunch report,

Titan Aerospace specialises in the manufacture of unmanned air craft that are powered by the sun, can fly at high altitude and remain in the air for five years without needing to land.

Advertisement - Article continues below

Sources told the publication Facebook is interested in harnessing these capabilities to deliver internet access to remote areas, starting with Africa.

They also put the value of the acquisition at around $60 million.

Last month, Facebook splashed out $19 billion on messaging app WhatsApp.

The Titan Aerospace website states the drones can be used for atmospheric monitoring, measuring sea temperatures, and can also act as a lookout for fires, because it has a 100 mile radius viewpoint.

At last week's Mobile World Congress event in Barcelona, Facebook CEO Mark Zuckerberg spoke at length about the work his company is doing, via the Internet.org tech coalition, to help emerging markets get the same benefits from the internet as more developed regions of the world.

Advertisement - Article continues below

Speaking at the event, Zuckerberg said: "If you increase the number of people in emerging markets with internet access, you can create 100 million jobs[and bring about a] seven per cent drop in child mortality."

Featured Resources

The case for a marketing content hub

Transform your digital marketing to deliver customer expectations

Download now

Fast, flexible and compliant e-signatures for global businesses

Be at the forefront of digital transformation with electronic signatures

Download now

Why CEOS should care about the move to SAP S/4HANA

And how they can accelerate business value

Download now

IT faces new security challenges in the wake of COVID-19

Beat the crisis by learning how to secure your network

Download now


social media

Facebook launches Manage Activity for archiving and deleting old posts

3 Jun 2020

Satirical websites target Mark Zuckerberg with fake news

3 Jun 2020

Facebook staff stage virtual walkout over firm's handling of Trump’s posts

2 Jun 2020

Talkspace CEO says the deal is off with Facebook

2 Jun 2020

Most Popular


Ransomware collective claims to have hacked NASA IT contractor

3 Jun 2020

The UK looks to Japan and South Korea for 5G equipment

4 Jun 2020

How data science is transforming business

29 May 2020