Facebook linked to acquisition of US drone maker

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

internet

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.

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.

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

Key considerations for implementing secure telework at scale

Identifying the security risks and advanced requirements of a remote workforce

Download now

The State of Salesforce 2020

Your guide to getting the most from Salesforce

Download now

Fast, flexible and compliant e-signatures for global businesses

Be at the forefront of digital transformation with electronic signatures

Download now

Rethink your cybersecurity strategy for the new world

5 steps to secure the enterprise and be fit for a flexible future

Download now

Recommended

The House of Lords will never bring tech giants to book
IT regulation

The House of Lords will never bring tech giants to book

8 Aug 2020
Twitter, Facebook remove Trump posts containing misinformation
social media

Twitter, Facebook remove Trump posts containing misinformation

6 Aug 2020
Intel and VMware collaborate to accelerate 5G rollout
5G

Intel and VMware collaborate to accelerate 5G rollout

5 Aug 2020
Big tech antitrust investigation report expected by early fall
Policy & legislation

Big tech antitrust investigation report expected by early fall

24 Jul 2020

Most Popular

How to find RAM speed, size and type
Laptops

How to find RAM speed, size and type

3 Aug 2020
How to use Chromecast without Wi-Fi
Mobile

How to use Chromecast without Wi-Fi

4 Aug 2020
How to move Windows 10 from your old hard drive to SSD
operating systems

How to move Windows 10 from your old hard drive to SSD

3 Aug 2020