Google buys Vadafone

April 1st, 2008 | by ozman |

Google has gone habitual with buying companies that are flying high or have just started flying high. the latest news from acquisition industry is VODAFONE.

Google, the world leader in search, has, this morning, announced the purchase of Vodafone’s entire business, in a deal valued at approximately $200 billion — a substantial premium over Vodafone’s $160bn market value yesterday. Presumably to make the deal happen and dissuade other bidders from getting ideas.
According to smsetxnews The deal gives Google direct control of the mobileThe deal gives Google direct control of the mobile handsets (and, of course, mobile search revenue) of at least 250 million wireless subscribers around the world. Arun Sarin, due to speak at CTIA Wireless tomorrow, is reportedly delighted with the deal — he is to become VP of Global Wireless Strategy for the new entity.

LET US GROW: These icons link to social bookmarking sites where readers can share and discover new web pages.