According to Chairman Eric Schmidt, Google buys more than one company a week. Thus far, the company has snatched up 57 smaller corporations and businesses this year—most notably restaurant guide Zagat for around $150 million back in September.
The total outlay for Google has been $1.4 billion, but with more than $40 billion in the bank, the company isn’t being stretched thin. When asked by TechCrunch reporter Alexia Tsotsis why almost none of acquisitions have been announced publicly, Schmidt replied, “We don’t have to.”
Spoken like a true billionaire. Or monopolist.