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UPDATE: Google Confirms Titan Aerospace Acquisition

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Google (NASDAQ: GOOG) issued the following statement to Benzinga on the acquisition of Titan Aerospace: “Titan Aerospace and Google share a profound optimism about the potential for technology to improve the world. It's still early days, but atmospheric satellites could help bring internet access to millions of people, and help solve other problems, including disaster relief and environmental damage like deforestation. It's why we're so excited to welcome Titan Aerospace to the Google family.”

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