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Google's Schmidt Says It's Back On The Acquisition Trail

   
5:43 pm on Sep 25, 2009 (gmt 0)

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Google's Schmidt Says It's Back On The Acquisition Trail [reuters.com]
Google Inc expects to buy one small company a month as it rekindles its acquisition engine and moves beyond the worst phase of the global recession, Chief Executive Eric Schmidt said in an interview on Wednesday.

The Web search giant has historically maintained a steady pace of acquiring small, privately held companies, but its deal machine took a breather earlier this year when Schmidt said that prices were too high for his liking.

"Acquisitions are turned on again at Google and we are doing our normal maneuvers, which is small companies," Schmidt told Reuters Television, before delivering a speech on green technology on the fringes of the G20 summit in Pittsburgh.

6:20 pm on Sep 25, 2009 (gmt 0)

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