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Google Set To Continue Acquisition Spree

Google is to continue its on-going acquisition spree, aiming to buy companies as big as YouTube and DoubleClick.

David Lawee, vice president of corporate development at Google said in an interview with Bloomberg that Google will continue to acquire more companies to boost its online product portfolio.

“The world changes really quickly, and companies that were small two years ago are huge today. It wouldn’t surprise me to see more large opportunities for us,” he said.

A regulatory filing has shown that Google has already spent $1.6 billion on acquisitions in the first nine months of 2010, and the recent statement shows the company has no plans of stopping.

Google's most recent acquisition attempt, that of online travel advisory service ITA, is currently being reviewed by the US Department of Justice.

The search giant said that it would also consider buying companies as big as YouTube which it acquired for $1.65 billion in 2006, and DoubleClick, which cost $3.2 billion in 2008.