Google Spent Most of Its Acquisition Budget on Waze
Google spent $1.31 billion (€985 million) on 16 acquisitions in the first six months of the year, most of it on Waze.
In its financial filing, Google reveals it paid $966 million (€727 million) for the Israeli mapping startup Waze. This places the acquisition under the $1.1 billion (€827 million) price that was rumored at the time.
Other disclosed buyouts for the first half of the year include Makani Power and Wavii. This means that Google bought Waze and spent the rest of $344 million (€259 million) on another 15 companies.
The search giant didn’t highlight how much it shelled out for each company but, with an average of nearly $23 million (€17.3 million), they couldn't have cost too much.
Google has also listed the selling of Motorola Home for $2.238 billion (€1.683 billion) in cash, plus $150 million (€113 million) in closing adjustments and $175 million (€132 million) in stock.
This means the company has made a lot more money than it spent on acquisitions.
Via: Google Spent Most of Its Acquisition Budget on Waze