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Google searches India for takeovers

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Press Trust of India Hyderabad
Internet search giant Google is scanning India for potential acquisition targets and also points-men to drive its expansion in the region.

Google Inc is currently in talks with a number of start-ups with unique and innovative business models, particularly in areas like voice and SMS-based advertising, to expand its presence in the country, an official close to the development said.

A Google spokesperson told PTI: "Our M&A strategy has been to look for unique products, technologies and engineering teams that can help us provide innovative products to our users or enhance existing services."

According to industry sources, Google has already identified some start-ups - based out of India as well as other markets but with significant operations in the country.

The company is also scouting for some senior level officials to lead its investment and acquisition strategy in India and neighbouring countries in South Asia.

 
 

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First Published: Sep 26 2006 | 4:59 PM IST

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