Now that Google's got another $4 billion in cash, combined with the fact that it seems to be doing a little bit of everything, it appears that anyone selling a company these days feels the need to at least check in with Google to see if they're interested in buying. Of course, what the article leaves out is that Google has mostly avoided any M&A activity. In fact, all of the possible deals mentioned in the article were actually acquired by someone else (or not acquired at all). Almost all of Google's actual acquisitions have been very small companies, sometimes more for the people than the concept. It seems like, in most cases, Google believes it can build a better mousetrap itself, rather than buying one externally. However, the investment bankers see all that cash and assume that Google is going to do something with -- so they have to call. And, of course, since they hope that they can position any deal as being "strategic" more than just a revenue deal, they hope they can get Google to wildly overpay. Perhaps they should be looking down the street to another company instead.
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