Google Inc. has spent $1.1 billion during the first half of the year buying up 22 companies, with more than half of the amount going toward its recently completed acquisition of mobile ad service AdMob.
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The financial breakdown was part of a second-quarter report Google filed Friday.
Google’s shopping spree has been focused on start-ups so small that it hasn’t been required to specify the price it paid in each deal. That didn’t change in Friday’s filing. Google listed 20 of its acquisitions under one lump sum totaling $293 million.
The company, based in Mountain View, Calif., also revealed that its AdMob purchase cost less than the previously announced price of $750 million. The filing listed the closing price at $681 million, consisting of Google stock and $26 million in cash.
Earlier this month, Google announced plans to buy travel technology company ITA Software Inc. for $700 million.
Source:http://www.boston.com/business/technology/articles/2010/08/01/google_has_spent_11b_buying_22_companies_so_far_in_2010/
