Google (NASDAQ GOOG) has been in news recently for a few rumoured acquisitions. The search engine giants would be hugely benefited if these deals do go through. After an impressive showing in Q4, Google would be looking to end the financial year on a high. The rumoured acquisitions would help Google in a great way. Indian Ad company InMobi is one of the rumoured acquisitions.
Here in this article, we will take a closer look at all the possible acquisitions which may be happening in the coming months for Google. We will also look at what they might mean for the GOOG stock. The given acquisitions should be hugely beneficial for the GOOG stock.
InMobi is a Bangalore based Digital Ad Firm company which is a relatively small player in the digital ad field. With the acquisition, Google would be able to increase their chunk in the market which is becoming increasingly competitive. Also, InMobi would provide Google an outlet into the emerging market of India.
Google Inc (NASDAQ GOOG) News:The Effective Acquisitions
Most recently, Google (NASDAQ GOOG) captured the likes of Red Hot Labs, which is a US based App discovery company. This would help Google’s Android division. Google also bought into Softcard, which would now help Google with mobile payment. This should be helpful for Google Wallet.
The new acquisitions like that of InMobi would be helpful for Google to perform on an even higher levels. This would help the stock grow and touch even higher levels. Whether the stock responds to such acquisitions remains to be seen.
Google Inc Financial News (NASDAQ GOOG)
Google (NASDAQ GOOG) has been performing well in the market and should continue to do so in the coming months.
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