Deals
Google Spent $291 Million on Acquisitions First Quarter
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Google Inc., owner of the world’s most popular search engine, spent $291 million on acquisitions and assets during the first quarter as the company looked to bolster revenue and user growth.
Among the eight deals last quarter, $150 million was for patents and developed technology, the company said in a filing yesterday. In February, the company announced it agreed to buy Channel Intelligence Inc. for $125 million, adding online-marketing tools used by retailers to bolster Internet sales.