Facebook 'in talks to buy drone satellite firm'
Facebook is reportedly in discussions to acquire Titan Aerospace, a manufacturer of drones, for around $60m.
Titan Aerospace specialises in solar-powered, very high flying drones capable of staying airborne for five years at a time, positioned as a more cost-effective alternative to orbital satellites dubbed as “atmospheric satellites”.
The talks, confirmed by technology site TechCrunch, indicate that Facebook is likely interested in these satellite alternative drones that fly as high as 20km in altitude as part of its Internet.org initiative.
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