Acquisitions

Titan Aerospace: Targeted By Facebook, Acquired By Google

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Those may have been the drones Facebook was looking for, but they now belong to Google. The Wall Street Journal reported that Google will acquire Titan Aerospace, a near-orbital, solar-powered drone manufacturer that the social network was reportedly in talks to acquire last month, with an eye toward using its Solara 60 unmanned aerial vehicles to help provide Internet access to unserved parts of the world, starting with Africa, as part of the Internet.org initiative.

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Mark Zuckerberg On Oculus VR, WhatsApp Acquisitions: ‘These Are Two Kinds Of Rare Instances’

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Facebook Co-Founder and CEO Mark Zuckerberg said during his keynote address at the 2014 GSMA Mobile World Congress in Barcelona, Spain, Feb. 24: “Look, when you’ve just bought a company for $16 billion (WhatsApp, not counting the restricted stock units that hiked the total to $19 billion), chances are you are probably done with your acquisitions for a while.” A while was barely more than one month, and Zuckerberg explained the motivation behind Facebook’s $2 billion deal to acquire immersive virtual reality technology company Oculus VR in a call with analysts Tuesday.

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Privacy Groups Respond To WhatsApp Founder/CEO Jan Koum’s Blog Post With Updated FTC Filing

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The Electronic Privacy Information Center and the Center for Digital Democracy — which filed a complaint with the Federal Trade Commission earlier this month against Facebook’s $19 billion acquisition of cross-platform messaging company WhatsApp, alleging that the privacy of current WhatsApp users will be affected by Facebook’s use of their information — filed an update with the FTC Friday, in response to a blog post by WhatsApp Co-Founder and CEO Jan Koum earlier this week.

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