Sabin Piso - blog

Business as usual

Business as usual

M&A News / My ebook / About me / Contact

  • Facebook
  • LinkedIn
  • Twitter
You've already signed up, Thanks!
Thank you for your subscription.

© Copyright Sabin Piso

Titan Aerospace finally bought by Google, not Facebook!

April 15, 2014 by Sabin Piso

Titan Aerospace bought by Google, not FacebookTitan Aerospace was finally bought by Google, not Facebook … what a surprise.  Google confirmed the transaction but did not mention the value.  This is an effort to connect some areas from some countries that do not have Internet access at this point.  Of course, these new areas will be a very good engine for growth in the following years.

Some models produced by Titan are able to fly continuously for up to five years without landing.  Initial reports were indicating that Facebook will buy this company but in the end they had to settle for another drone maker, Ascenta.

This is a race that is trying to connect around 2 thirds of the world population, population that is not currently connected to the internet in any way.

Share Button

Filed Under: Noutati Sabin Piso Tagged With: Facebook, Google, titan, Titan Aerospace

Titan Aerospace might sell the business to Facebook Inc

March 4, 2014 by Sabin Piso

Titan AerospaceTitan Aerospace might sell their drone business to Facebook for around $ 60 mil.  Facebook is interested about the wireless internet facility that these drones can have to be able to offer internet access to clients in countries where the telecom infrastructure is not developed yet.   TechCrunch blogged about this on Monday.

Facebook and Titan declined to comment.

The effort would help advance Facebook’s Internet.org effort, aimed at connecting billions of people who do not currently have Internet access in places such as Africa and Asia.

Titan is developing a variety of solar-powered drone according to their website, with initial commercial operations slated for 2015. The drones, which fly at an altitude of 65,000 feet (20 km) and can remain aloft for up to five years.

Facebook is interested in having Titan build 11,000 of its Solara 60 model drones for its Internet.org project, according to the TechCrunch report.

Share Button

Filed Under: Noutati Sabin Piso Tagged With: drones, Facebook, internet.org, Solar powered drones, Titan Aerospace