Snap acquires drone company, may put eyes in the skies

All the pieces of Snap's grand plan are coming together, the latest of which appears to be putting its camera technology atop drones. 

SEE ALSO: Snapchat blew its first-ever earnings

At least that's the obvious conclusion based on Snap's acquisition of Ctrl Me Robotics for "under $1 million," a deal that was first reported by Buzzfeed on Friday. Snap has not commented on the deal or the acquisition price.  

Although the report calls the Venice Beach-based company a drone manufacturer, a subsequent report from Variety indicates that Ctrl Me Robotics' true expertise is customizing existing drones to be able to carry cameras rather than specializing in producing drones. Additionally, the Variety report claims that the deal actually occurred late last year.  Read more...

More about Apps, Drones, Snapchat, Acquisitions, and Snap Inc

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