Google Spent $2 Billion in Acquisitions in 2011

Google’s (NASDAQ:GOOG) latest 10-K filing reveals that it spent nearly $2 billion on 79 acquisitions in 2011, even though CEO had professed a focus on a smaller number of acquisitions. It may be noted that the filing says, “Acquisitions will also remain an important component of our strategy and use of capital, and we expect our current pace of acquisitions to continue.”

A big one was ITA software, bought for $676 million cash. Others were Clever Sense, Katango and Apture. In 2010 Google made 48 acquisitions for about $1 billion. A major acquisition that is pending regulatory approval is Google’s purchase of Motorola for $12.5 billion, which is not included in the 2011 figures.

Here’s how Google shares are trading:

Google Inc. (NASDAQ:GOOG): GOOG shares recently traded at $576.32, up $8.22, or 1.45%. They have traded in a 52-week range of $473.02 to $642.96. Volume today was 2,469,762 shares versus a 3-month average volume of 3,060,420 shares. The company’s trailing P/E is 19.37, while trailing earnings are $29.76 per share.