Tuesday, 30 April 2013

Google spent $291 million on acquisitions in Q1 2013

"Google spent $291 million on eight acquisitions during the first quarter, according to company filing with the federal government.
From the company's 10-Q filing with the Securities and Exchange Commission, Google spent a mere 0.5 percent of its $50.1 billion cash that it reported during its first quarter of 2013.
Out of that, $150 million was attributed to patents and already developed technology, $133 million to goodwill, $24 million went on customer relationships, and $16 million to net liabilities assumed.
In the filing, Google said: "These acquisitions generally enhance the breadth and depth of our expertise in engineering and other functional areas, our technologies, and our product offerings."
It's not so much that Google made acqusitions during the quarter — which included Channel Intelligence for $125 million, and Wavii for approximately $30 million, and four other firms that were not publicly disclosed — but that the company spent so much."

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