Facebook to Buy Drone Company for $60M

[UGCPHI-CJ]“@NBCPhiladelphia: #BREAKING: Facebook to buy WhatsApp for $16B: http://t.co/5VUYg2xfzT http://t.co/

Facebook is set to buy New Mexico-based drone company Titan Aerospace for about $60 million, a source confirmed to CNBC. Titan Aerospace’s solar-powered drones, which can stay airborne for five years, would help Facebook in its bid to expand Internet access around the world. Last year, Facebook announced it planned bring Internet access to the two-thirds of the world’s population who lack it through the company’s Internet.org effort.

Read More

Contact Us