Legal News

Google Buys Drone Manufacturer Titan Aerospace
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Apparently in support of its agenda to provide wireless Internet to the masses, Google Inc has purchased solar-powered drone manufacturer Titan Aerospace. Google is really working hard to make this dream come true as evinced by its earlier effort of launching a network of balloons for delivering internet access. That effort, termed Project Loon, and the recent acquisition of Titan prove that  increasing internet access is moving away from the hands of the traditional players in that competitive space., and that Internet companies do not wish to remain dependent upon telecom giants in the foreseeable future.

According to media sources, the deal closed on Monday, though key personnel in both companies remain tight-lipped.

  
What
Where


After confirming the purchase of Titan Aerospace, Google said in an email statement, “Atmospheric satellites could help bring internet access to millions of people, and help solve other problems, including disaster relief and environmental damage like deforestation.”

While the CEO of Titan Aerospace did not provide any information on the pricing and other specifics of the deal, he told the media that the small 20-person company will continue in New Mexico, while all employees will now become Google employees.

Titan Aerospace is currently developing a type of solar-powered satellites which are slated to commence commercial operations by 2015. The drones would be flying at an altitude of 65,000 ft and will be able to remain in space for up to five years.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




Facebook has already announced plans to build solar-powered drones and satellites for beaming Internet access, a few weeks earlier, and now Google’s acquisition of Titan Aerospace confirms that is the way the world is moving. According to media reports, Facebook, too, had tried to acquire Titan Aerospace.

May be the next patent wars would not be so much over smartphone technologies, as over satellite technologies.



If you are looking for IP technology transactions attorney jobs, click here for available openings.



 

RELEVANT JOBS

Associate Attorney

USA-CO-Denver

DTC based firm is looking to add an additional associate to join our growing practice. The associate...

Apply now

Associate Attorney

USA-KS-Newton

Gillmore & Wilson: Attorneys at Law Job-type: Full-time Title: Associate Attorney Gillmore ...

Apply now

Family law attorney Westlake Village

USA-CA-Westlake Village

ZFLG is a boutique family law firm serving LA and Ventura Counties. We want to hire an experien...

Apply now

Estate Administration / Probate Paralegal

USA-PA-Philadelphia

I am looking for a part-time paralegal or legal assistant who is experienced, adept and proficient w...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Senior Wealth Management Group Associate Attorney

USA-CA-San Diego

San Diego office of our client seeks Senior Wealth Management Group Associate Attorney with 9 years ...

Apply Now

Bankruptcy Associate Attorney

USA-CA-Los Angeles

Los Angeles office of a BCG Attorney Search top ranked law firm seeks Bankruptcy Associate Attorney ...

Apply Now

Tax Attorney

USA-FL-Miami

Miami office of our client seeks Tax Attorney with 2 years of experience. The candidate should be li...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top