Google Inc(NASDAQ:GOOG) is spending money like there is no tomorrow. That’s not news, but where it will spend the next mountain of cash is. The online giant has acquired 176 minority positions and outright ownership in the last five years. And with an estimated $17.5 billion in free cash flow and the already huge pile of cash, $59 billion, on the books, Barron’s says the buying will continue.
When you consider how low prices are for tech stocks in the current market, there is no reason to expect it to slow down.
Google has stated it may need $30 billion in cash just for overseas acquisitions.
One name that is being thrown around as a potential buy is