Google has beaten Intel to become the world’s largest dealmaker, according to data compiled by Bloomberg.
The search giant undertook 127 deals in the past three years compared to Intel’s 121 transactions. The deals helped Google jump from thirteenth place to the number one spot in the list of theworld’s top dealmakers.
Google has ramped up its mergers and acquisitions by at least 50% in the past two years. It’s also spending on start-ups through Google Ventures and backing fast-growing businesses through Google Capital.
Maha Ibrahim, a partner at venture firm Canaan Partners, which has co-invested with Google Ventures and Google Capital, told the Daily Telegraph: “It is absolutely starting to feel like a deal machine.
“Because they have such a diverse base of interests, you see these acquisitions coming out of left field that have very little to do on the surface with the ad business.”