Newsletters
Customer Relationship Management News NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
Home CRM Systems Customer Service Business Intelligence Sales & Marketing More Topics...
Vblock™ Systems:
Advanced converged infrastructure
increases productivity & lowers costs.

www.vce.com
Business Briefing
24/7/365 Network Uptime!
Average Rating:
Rate this article:  
Google Getting More Secretive about Acquisition Numbers
Google Getting More Secretive about Acquisition Numbers

By Michael Liedtke
February 17, 2014 11:13AM

Bookmark and Share
In the tech giant's 2013 annual report, Google didn't quantify the total number of deals that it closed last year in the regulatory filing, marking the first time that the U.S. company has withheld that detail since going public in 2004. The switch probably was motivated for competitive reasons, as Google worries that rivals are keeping notes.
 


Google is becoming more secretive about its acquisitions as the Internet company hunts for promising innovations and engineering talent to help shape the future of technology.

The subtle change surfaced this week in Google's 2013 annual report. Google Inc. didn't quantify the total number of deals that it closed last year in the regulatory filing, marking the first time that the U.S. company has withheld that detail since going public in 2004.

Instead of specifying the total number of acquisitions during 2013, Google only said it spent a combined $489 million on all deals besides its purchase of online mapping service Waze. The Waze deal was so large that government regulations prompted Google to break out the $969 million price paid for that acquisition.

While Google has always revealed the prices that it has paid in big acquisitions like Waze, the company regularly provided a running tally of smaller deals.

For instance, in its annual report covering 2012, Google disclosed that it bought Motorola Mobility for $12.4 billion and paid an additional $1.17 billion to complete 52 other deals. In 2011, Google listed a total of 79 deals costing a combined $2 billion.

Google didn't respond to requests seeking an explanation for the change in the way it discloses its acquisitions.

The switch probably was motivated for competitive reasons, said George Geis, a UCLA business professor who studies mergers and acquisitions. He suspects Google might have been worried that rivals, investment bankers and other outsiders were parsing the total number of deals in an attempt to figure out how much the company has been paying for some of its acquisitions.

The circumspection makes Google more like one of its fiercest rivals, Apple Inc., which has never disclosed how many deals it closed in its regulatory filings. Apple just lists the total amount of money and stock that it paid for acquisitions, just as Google is now doing.

The laws governing publicly traded companies still require Google to announce all major deals, such as its Motorola Mobility purchase and its recent $3.2 billion takeover of smart thermostat maker Nest Labs. Geis estimates about 95 percent of Google's smaller acquisitions also are eventually disclosed, usually in blog postings by Google or the startup being bought.

Before taking its more guarded stance, Google had revealed that it had paid $1.33 billion on 21 deals during the first nine months of last year, including the Waze acquisition. That meant the company spent a total of $120 million on an unknown number of deals that closed from October through December. The biggest chunk of that money may have been spent on Boston Dynamics, a U.S. military contractor that makes robots resembling wild animals.

All told, Google's regulatory filings had listed a total of 238 deals costing a combined $23.7 billion from 2004 through September 2013.
 


© 2014 Associated Press/AP Online under contract with NewsEdge. All rights reserved.
 

Tell Us What You Think
Comment:

Name:



APC has an established a reputation for solid products that virtually pay for themselves upon installation. Who has time to spend worrying about system downtime? APC makes it easy for you to focus on business growth instead of business downtime with reliable data center systems and IT solutions. Learn more here.


 Business Briefing
1.   AT&T in $500M Net Video Partnership
2.   High Court To Hear Aereo Dispute
3.   Aereo CEO Speaks Out on Future
4.   Uber Meets Local Lookalikes in Asia
5.   Otherworldly Ambitions of Elon Musk


advertisement
Is Zuckerberg Nuts To Buy Oculus VR?
$2 billion deal for unproven company.
Average Rating:
High Court To Hear Aereo Dispute
Future of television debated in court.
Average Rating:
Aereo CEO Speaks Out on Future
Success hinges on looming court battle.
Average Rating:
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
Verizon Data Breach Report Exposes Top Threats
Beyond Heartbleed, there are cyberthreats vying to take down enterprise networks, corrupt smartphones, and wreak havoc on businesses. Verizon is exposing these threats in a new report.
 
Where Do Web Sites Stand, Post-Heartbleed?
A security firm says the vast majority of Web sites have patched themselves to protect against the Heartbleed bug, but now there are questions raised on the reliability of open-source programs.
 
White House Updating Online Privacy Policy
A new Obama administration privacy policy explains how the government will gather the user data of online visitors to WhiteHouse.gov, mobile apps and social media sites, saying much is in the public domain.
 

Navigation
CRM Daily
Home/Top News | CRM Systems | Customer Service | Business Intelligence | Sales & Marketing | Contact Centers | Customer Data | CRM Press Releases
NewsFactor Network Enterprise I.T. Sites
NewsFactor Technology News | Enterprise Security Today | CRM Daily

NewsFactor Business and Innovation Sites
Sci-Tech Today | NewsFactor Business Report

NewsFactor Services
FreeNewsFeed | Free Newsletters | XML/RSS Feed

About NewsFactor Network | How To Contact Us | Article Reprints | Careers @ NewsFactor | Services for PR Pros | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 NewsFactor Network. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.