Google Spent $1.6 Billion On 40 Companies In 2010

Google has acquired 40 companies in the first three quarters of 2010, spending a total of $1.6 billion, the company announced in a filing with the US Securities and Exchange Commission.

According to the filings, two of the biggest acquisitions are of advertising firm AdMob and On2, which were bought for $681 million and $123 million respectively. The acquisitions were announced in 2009 but were not completed until 2010.

“The purchase price for [On2] was $123 million, consisting of the issuance of approximately 174,000 shares of our Class A common stock valued at $95 million, based on the closing price of our Class A common stock on February 19, 2010, and cash of $28 million,” the company said.

The search giant is also expected to acquire ITA for $700 million, eclipsing the $681 million paid for AdMob. However, the acquisition may yet be delayed as the US Department of Justice has launched an anti-trust investigation to determine the impact it will have on competition within the market.