Google Inc. (NASDAQ:GOOG) spent a total of more than $1.9 billion on company
acquisitions last year. Google Inc. (NASDAQ:GOOG) Reveals Huge Acquisition Bill
The search titan Google Inc. (NASDAQ:GOOG) said in a filing that it has spent
nearly $1.9 billion in cash and stock in 2011 for acquisitions. The company
acquired 79 companies, including software maker ITA Software, restaurant review
guide maker Zagat and ad market specialist Admeld last year. Google Inc.
(NASDAQ:GOOG) said in the filing, "These acquisitions generally enhance the
breadth and depth of our expertise in engineering and other functional areas,
our technologies, and our product offerings. Acquisitions will also remain
important component of our strategy and use of capital, and we expect our
current pace of acquisitions to continue". Google Inc. (NASDAQ:GOOG) shares
were at 577.69 at the end of the last days trading. Theres been a -3.4% change
in the stock price over the past 3 months. Google Inc. (NASDAQ:GOOG) Analyst
Advice Consensus Opinion: Moderate Buy Mean recommendation: 1.23 (1=Strong Buy,
5=Strong Sell) 3 Months Ago: 1.19 Zacks Rank: 10 out of 28 in the industry
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