Google has acquired Titan Aerospace for an undisclosed amount of money. Titan Aerospace is a New Mexico based company that builds high-flying solar powered drones.
While it is unclear what Google plans on doing with drones, I imagine that it would be used for a project that involves bringing the Internet to developing countries.
Google is already working on a project to bring Internet to developing countries using balloons called Project Loon. Facebook was reportedly interested in acquiring Titan Aerospace and DeepMind – both of these companies were acquired by Google.