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Google gazumps Facebook over Titan Aerospace drone purchase

Tuesday, 15 April 2014 05:02
Google has bought Titan Aerospace. That's the same high-altitude drone manufacturer that Facebook was reportedly set to acquire last month. The Wall Street Journal has claimed that Google wants to boost its aerial technology. The company has therefore allegedly acquired Titan Aerospace, though a purchase price has not been disclosed. The report further claimed that Titan and its staff of 20 employees will stay in New Mexico, and Vern Raburn, chief executive officer, will continue…

Google buys drone company that Facebook reportedly eyed for purchase

Monday, 14 April 2014 18:35
Related Stories Apr 14:Get your Google Glass: Wearable computers on sale to public for one day only MOUNTAIN VIEW -- In the latest sign that tech companies are racing for dominance in the skies, Google said Monday that it's buying a maker of high-altitude, solar-powered flying drones. Google's purchase of Titan Aerospace, a New Mexico-based startup that builds unmanned vehicles capable of flying long distances and durations, came after Facebook reportedly eyed Titan and ultimately…

Google buys drone company Facebook reportedly targeted

Monday, 14 April 2014 16:04
Related Stories Apr 14:Get your Google Glass: Wearable computers on sale to public for one day only MOUNTAIN VIEW -- Google bought an aerospace startup that's building high-altitude drones for aerial photography and Internet communications, in the latest indication that tech companies are jockeying to secure their place in the skies. Google confirmed Monday that it's buying New Mexico-based Titan Aerospace, just weeks after Facebook reportedly held talks with the same company. Facebook ended up…

Google buys drone maker Titan Aerospace before Facebook does

Monday, 14 April 2014 15:01
Google has bought Titan Aerospace. That's the same high-altitude drone manufacturer that Facebook was reportedly set to acquire last month. The Wall Street Journal has claimed that Google wants to boost its aerial technology. The company has therefore allegedly acquired Titan Aerospace, though a purchase price has not been disclosed. The report further claimed that Titan and its staff of 20 employees will stay in New Mexico, and Vern Raburn, chief executive officer, will continue…

Google buys drone maker Titan Aerospace, Facebook had shown interest

Monday, 14 April 2014 15:01
MOUNTAIN VIEW, Calif., April 14 (UPI) -- Google has agreed to buy solar-powered drone maker Titan Aerospace for an undisclosed sum, beating Facebook who was also interested in the acquisition. Google will acquire the 20 person team, based out of New Mexico and headed by former Symantec CEO Vern Raburn. This comes a few weeks after Facebook bought U.K.-based solar-powered drone startup Ascenta for $20 million. Google said the Titan team will work with closely…

Google Buys Drone Maker Courted by Facebook

Monday, 14 April 2014 13:47
By Alistair Barr and Reed Albergotti Google Inc. said Monday it agreed to buy Titan Aerospace, a startup maker of high-altitude drones, as the Internetsearch giant adds more aerial technology to collect images and get more of the world's population online. Google didn't disclose a purchase price for Titan, of Moriarty, N.M., whose solar-powered drones are intended tofly for years. Earlier this year, Facebook had been in talks to buy Titan. But Facebook later said…

Google Buys Drone Firm Pursued by Facebook

Monday, 14 April 2014 13:47
Google has purchased Titan Aerospace, a maker of drones that Facebook was reportedly interested in buying as well. “Titan Aerospace and Google share a profound optimism about the potential for technology to improve the world," Google said in a statement provided to Mashable. "It’s still early days, but atmospheric satellites could help bring internet access to millions of people, and help solve other problems, including disaster relief and environmental damage like deforestation. It’s why we’re…

Google Just Bought the Drone Company that Facebook Had Its Eye On

Monday, 14 April 2014 13:47
Google swept in and agreed to buy Titan Aerospace, a high-altitude drone manufacturer, on Monday, months after Facebook had entered into talks to buy the company. Titan, based in New Mexico, will go to Google for an undisclosed sum. The Wall Street Journal's report on the sale notes that the drone maker will help Google with its "Project Loon" initiative, which looks to provide internet access to remote areas using large high-altitude balloons. In a…

Technology Stock Roundup: Facebook Touches Milestone in India, Google Targets XP Users - Analyst Blog

Monday, 14 April 2014 12:47
There were many announcements last week, but the most interesting were Facebook's ( FB ) progress in India, Google's ( GOOGL ) lure to XP users and the new graphics processing unit (GPU) from Advanced Micro Devices ( AMD ). Facebook Crosses 100 Million Users in India TechCrunch reports that Facebook users in India crossed 100 million on Mar 31 this year making India a close second to the U.S. Not only that - Facebook…

Google, Facebook, Yahoo Lead Techs Higher

Monday, 14 April 2014 10:17
SAN FRANCISCO – Technology stocks were mostly higher Monday propelled by gains in shares of Internet and social media companies. Google , Facebook , Yahoo and Twitter were each up more than 1%. The sector also got a lift from shares of Hewlett-Packard , which were up about 1% and Netflix , which added 1.6%. The Nasdaq Composite Index was up 25 points at 4,024. The Morgan Stanley High Tech 35 Index and the Philadelphia…