In the last five years, Google acquisitions have tended to be VC or angel investor-backed with 3 of every 4 acquisitions completed by Google having received external financing. As we’d previously noted, Google has been on an acquisition tear this year relative to its own historical pace as well as relative to its technology company brethren/competitors.
Below is the breakdown of acquisitions by year and the percentage receiving external financing vs. not. As you’ll see, the proportion of companies Google has acquired which are externally financed has increased over the period in question.
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