Google has another acquisition in the works, and this time it's not a mobile technoligies company. According to the Wall Street Journal Google will be buying Titan Aerospace, a company that builds high-altitude craft — ones that can take high-resolution images.
A few months back, Facebook was interested in buying Titan, but instead opted to buy Ascenta, a U.K. compay that also builds unmanned drones, for $20 million.
The purchase price was not revealed, but the employees will remain in New Mexico and the company will continue to be run by the existing leadership.
The WSJ tells us that the folks at Titan will work closely with Project Loon, which uses balloons to provide Internet signal to places with no transmission lines.