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Google on 'acquisitions spree'

Google is keeping its mergers and acquisitions negotiators busy.

31 October 2010

Internet giant Google is getting good value for money from its mergers and acquisitions negotiators, having bought up 40 different companies in the past three quarters, according to PC Mag.

Among the successful acquisitions that the company has completed are Slide, On2 Technologies and Like.com.

Citing research from CB Insights, the technology news provider explained that Google has already spent $1.6 billion (£998 million) buying out smaller companies, with the $681 million (£425 million) deal for mobile advertising company AdMob representing the largest single deal.

"However, that title almost went to the company's acquisition of ITA Software, a $700 million (£436 million) pending purchase that should net Google a brand-new way to dish out flight comparison shopping for its users," it noted.

That deal is expected to be completed in 2011, so long as the US Department of Justice does not deem it to be in breach of competition laws.

Earlier this month, the company posted strong third-quarter figures, with chief executive Eric Schmidt stating: "Google had an excellent quarter.

"Going forward, we remain committed to aggressive investment in both our people and our products as we pursue an innovation agenda." 

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