Google Inc. Chief Executive Eric Schmidt wasn’t
kidding last October when he said, “We’re open for business, making
strategic acquisitions, both large and small.”
Since then, Google has bought at least 20 companies, including today’s $700 million purchase of venture-backed ITA Software Inc. The deals range from larger land grabs like ITA and AdMob Inc., the mobile ad network that sold for $750 million, to small scoops like the acquisition of 15-month-old online travel-guide service Ruba Inc.
In fact, Google is making fast friends with venture capitalists at a time when they sorely need some liquidity. The company has acquired the most venture-backed start-ups - seven - in the first half of this year than any other company by far. That’s according to Dow Jones VentureSource, whose tally only counts those deals that closed within a specific period.
To read the full, original article click on this link: Google Making Big M&A Splash In Venture Capital Pool - Venture Capital Dispatch - WSJ
Author: Scott Austin
