Google beats Facebook by buying the drone company, the latter eyed!
Facebook IPO and the huge injection of cash into the company made the task harder for other tech giants to acquire startups and companies.
Facebook throws stupid money to buy startups and companies, which the other tech giants are not used to! And as a result Facebook gets what Facebook wants!
Not this time, the social network was very interested in drone technology, and in talks to acquire Titan Aerospace but Google did beat it in closing the deal for an undisclosed sum.
Titan drones can help Google with project loon, and the drones also can take high-quality images in real-time that could help with Google Maps” a Google spokesperson told WSJ.