Google has reportedly more than tripled its spending on mergers and acquisitions over the course of a year as part of efforts to diversify the company’s service offerings.
Reports say Google has spend $4.2 billion in the first half of the year – $3.2 billion of which was spent on acquiring Nest Labs last February. That figure compares to $1.3 billion during the same time period a year prior, according to regulatory filings.
That figure, reports say, also does not include plans announced by Google to acquire Skybox Imaging and DropCam, deals that are expected to reach a value of more than $1 billion.
Experts say Google is ramping up its spending as it looks to diversify its operations out from its core online search business. The company is reaching out into mobile, home technology and telecommunications markets.
Full content: Today Online
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Shein Warns of Higher Costs for French Shoppers Amid EU Fee Proposal
May 22, 2025 by
CPI
DOJ Opens Antitrust Probe of Google’s AI Partnership with Character.AI
May 22, 2025 by
CPI
Google’s Unbundling Offer Puts Korean Regulators in Tight Spot
May 22, 2025 by
CPI
Justice Department and FTC Warn Common Ownership Could Breach Antitrust Law
May 22, 2025 by
CPI
South Africa Approves Canal+ MultiChoice Deal
May 21, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Industrial Policy
May 21, 2025 by
CPI
Industrial Strategy and the Role of Competition – Taking a Business Lens
May 21, 2025 by
Marcus Bokkerink
Industrial Policy, Antitrust, and Economic Growth: Some Observations
May 21, 2025 by
David S. Evans
Bolder by Design: Crafting Pro-Competitive Industrial Policies For Complex Challenges
May 21, 2025 by
Antonio Capobianco & Beatriz Marques
Competition-Friendly Industrial Policy
May 21, 2025 by
Philippe Aghion, Mathias Dewatripont & Patrick Legros