Google Acquisitions Top $1 Billion

MOUNTAIN VIEW: In the first half of this year, Google has spent $1.1 billion in acquiring 22 companies, including its recent purchase of the mobile ad service AdMob, which accounts for more than half of the sum.

As part of its second-quarter report, Google said the closing price of the AdMob purchase was $681 million, consisting of Google stock and $26 million in cash, which is less than the $750 million price previously announced by Google.

Google’s next largest purchase during the period was for video service On2 Technologies Inc., for $123 million. Earlier this month, Google announced plans to buy travel technology company ITA Software for $700 million.

Google listed 20 acquisitions under a single lump sum totaling $293 million, an average of $14.7 million per purchase.