Google Dished Out $1.6 Billion on Acquisitions this Year
Google Dished Out $1.6 Billion on Acquisitions this Year
Posted 11/01/2010 at 5:41am
| by Paul Lilly
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Saying Google is okay might be the understatement of the year. Consider this: the sultan of search said in an SEC filing that it spent a whopping $1.6 billion acquiring 40 companies so far this year, and we still have one more quarter to go, eWeek reports.
"Acquisitions will also remain an important component of our strategy and use of capital, and we expect our current pace of acquisitions to continue," Google said.
That pace of 40 companies through three quarters works out to more than four acquisitions per month. And there isn't a single area of focus; Google has been snatching up a variety of companies, from security to mobile email, mobile ad firms, a widget maker, and even a virtual currency specialist, to name just a few.
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