Msg#: 4679724 posted 4:05 pm on Jun 13, 2014 (gmt 0)
The reported stake value doesn't seem particularly high to me, but, then, who knows exactly what it means until the deal is done.
Google is reportedly in talks to buy a significant stake Richard Branson's flagship space tourism project, Virgin Galactic. The move would constitute another step in the search giant's growing interest in space and future technologies.
The deal, which is rumoured to be in the region of £17.8 million would give Google access to satellite launch technology, allowing it to extend its reach into space.
Sky News has reported that negotiations between the two companies have been going on for months, and sources close to both companies suggest that a deal is likely to result from this final round of talks. Report: Google In Talks Over A Stake In Virgin Galactic [itproportal.com]