Google Triples Deal Spending to $4.2B in 2014 First Half
This article is for subscribers only.
Google Inc. more than tripled spending on acquisitions in the first half of the year to $4.2 billion, as the Internet company ramps up investments to expand its services.
The world’s largest online advertiser spent $3.2 billion for thermostat company Nest Labs Inc. in February and an additional $1 billion on other purchases in the first six months of 2014, the Mountain View, California-based Web company said in a filing yesterday. That’s up from $1.3 billion for the same period a year ago, according to a previous filing.