Google eyes up Virgin Galactic

Stock Virgin Galactic Photo

GOOGLE is reportedly considering taking a stake in Richard Branson’s Virgin Galactic as part of the search giant’s plans to extend internet access to remote regions of the world.

Talks between the companies are in an advanced stage and include both a planned joint venture that would combine millions of dollars from Google and Virgin’s space flight technology, and Google acquiring a $30m (£17.8m) stake in the Virgin Galactic holding company, according to Sky News.

Google and Virgin Galactic both declined to comment yesterday.

by Oliver Smith
June 13, 2014, 2:57am

See original article on CITY A.M. HERE.

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