Google Acquires Internet (May 2017)
MAY 12, 2017 - BUSINESSWIRE. Mountain View-based search giant Google Inc today announced theyve acquired the internet for the astounding sum of $2,455.5 billion in cash. The deal had been rumored in various search blogs since the beginning of the year and was now confirmed by the companys CEO. This is in line with our vision to make information more accessible to end users, says Eric Schmidt. With the acquisition, we can increase the speed of indexing as everything will already be on our servers by the time its published.Google Acquires Internet (May 2017)
In a conference call earlier today, Larry Page explained the strategy behind the acquisition. We realized its not very cost-effective to buy the internet in smaller portions. During the past two decades, Google had acquired YouTube for $1.65, DoubleClick for $3.1 billion, AOL for $12.5 billion, and last year, Microsoft for the record sum of $120 billion.