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Google Has Insane Acquisition Appetite

  • eWeek, Thursday, October 27, 2011 12:39 PM

In case you’re keeping count, Google acquired a total of 57 companies of various assets through September, reports CNet, citing a newly released SEC filing. “With three months left to go in the year, anyone want to guess what else is on the radar?” CNet jokes. So far this year, the search giant has spent over $1.4 billion to purchase those companies of various sizes and persuasions.

In a 10-Q filing with that Securities and Exchange Commission, Google revealed that it paid $941 million in cash for three deals alone. “That sum includes $676 million for flight software provider ITA Software in April, $151 million for restaurant review guide maker Zagat; and $114 million for daily deals asset Daily Deals, both in September,” CNet points out. Google, meanwhile, paid another $502 million on the other 54 companies.

Google also bid in August to acquire Motorola Mobility for $12.5 billion, but, as CNet notes, that isn't likely to close until 2012, due to current regulatory scrutiny. Is Google done for the year? Not likely, CNet suggests. Given its current deal rate -- swallowing six companies a month -- Google could ingest another 10 or 15 entities before 2012.

 

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