Facebook to buy drone company: reports

Facebook will buy a maker of solar-powered drones for $US60 million, according to two separate reports citing anonymous sources.

Facebook

(File: AAP)

Facebook is in talks to buy Titan Aerospace, a maker of solar-powered drones, as the company steps up its efforts to provide internet access to remote parts of the world, according to reports in the technology blog Techcrunch and financial news outlet CNBC.

Both websites cited anonymous sources who were familiar with the deal and put a purchase price at $US60 million ($A67.43 million).

Facebook spokesman Tucker Bounds said on Tuesday that the company does not comment on rumours and speculation. Titan Aerospace representatives did not respond to requests for comment.

If Facebook does buy Titan Aerospace, the purchase could fit with the goals of CEO Mark Zuckerberg's internet.org project

The Facebook-led partnership aims to connect the more than 5 billion of the world's 7 billion people who are not already online.

Google has a similar project called Loon, which involves a ring of broadband-transmitting balloons circling the globe about 20km up.


Share

1 min read

Published

Updated

Source: AAP


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS News

Download our apps

Listen to our podcasts

Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS

SBS World News

Take a global view with Australia's most comprehensive world news service

Watch now

Watch the latest news videos from Australia and across the world