Facebook in talks to acquire drone company for US$60mil: reports

ANOTHER BIG BUY: Facebook Inc is in talks to buy drone maker Titan Aerospace for US$60mil (RM196.47mil), according to media reports. — Reuters

SAN FRANCISCO: Facebook Inc is in talks to buy drone maker Titan Aerospace for US$60mil (RM196.47mil), according to media reports. 

The high-flying drones would give Facebook, the world's No.1 Internet social network, the ability to beam wireless Internet access to consumers in undeveloped parts of the world, according to the technology blog TechCrunch. TechCrunch first reported the deal late on Monday, citing an anonymous source.