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Google Outspends Top Five Rivals Combined in Deals Push

Google Inc., drawing from its $56.5 billion cash pool, is spending more money than five of its biggest U.S. competitors combined to buy into new markets as growth in Web advertising slows.

Including this week’s announced deal to buy Nest Labs Inc. for $3.2 billion in cash, Google has spent more than $17 billion in the past two years to purchase hardware, software and advertising-technology companies, according to data compiled by Bloomberg. Apple Inc., Microsoft Corp., Facebook Inc., Amazon.com Inc. and Yahoo! Inc. have spent less than $13 billion in total to buy companies in the same period, based on deals with disclosed prices.