However, Big Tech makes myriad smaller deals every year that are never announced and do not go through regulatory channels. For instance, Google closed on a $2.4 billion acquisition of software company Looker in 2019 and agreed to purchase Fitbit for $2.1 billion — a deal that is still under review — but also spent $1 billion to acquire other companies that the company does not name in its annual filing.
Apple largely avoids big-name acquisitions, but has spent more than $1.6 billion in the past three fiscal years on business acquisitions, according to its annual filing, and Chief Executive Tim Cook has said that Apple is buying a smaller company about every two to three weeks on average.
Gotta read something while we’re stuck in the Silent Mud pit!!!
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