Is Google really on a deal diet?
Normally Google gobbles up companies — more than 30 deals since 2005, usually small, privately held companies priced from $20 million to $50 million. But it hasn’t announced an acquisition in six months and Google CEO Eric Schmidt says prices are still too high right now.
But with some $16 billion in cash and securities in its back pocket, experts say Schmidt may soon be making a call. With valuations so low, and Internet software competition so high, Google can’t afford to pass up new technologies and growth opportunities.
Are you listening, Twitter and Expedia? (Reuters) Keep an eye on:
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Nonprofit Mother Jones’s business gains renewed interest in the publishing industry. (San Francisco Chronicle)
Is The New Yorker considering going bi-weekly? Twitter was abuzz. (The New York Observer)
Can ad-optimizing startup the Rubicon Project save newspapers? (Los Angeles Times)
NFL Extends DirecTV deal (Reuters)
