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Brooke Sutherland and Shira Ovide

Google's Latest Target: Why Apigee?

It can afford to take a flier on a money-losing software maker that's growing in a hot corner of the tech world.

Google's list of stellar acquisitions includes YouTube, Android, DoubleClick. And now it's going after...Apigee?

On Thursday, Google said it's buying the software maker for $625 million. It's hardly a blockbuster purchase, but it's large enough to stand out for Google, which doesn't often make acquisitions of much size. The internet search giant has announced only 23 takeovers with publicly disclosed price tags of more than $100 million. The Apigee deal is the largest since Google acquired Nest Labs in 2014 for $3.2 billion.