This week, Google (NASDAQ:GOOGL) bought Israeli social-map app developer Waze for $1.1 billion, a move that initially had many wondering, why Google would pay nearly the amount of money it paid to acquire YouTube for a company that has zero revenue. In this video from the Motley Fool's Weekly Tech Review, host Chris Hill and analysts Eric Bleeker and Austin Smith discuss the history of Google's acquisitions, and why this could make a very solid purchase indeed for the search-engine giant.
The relevant video segment can be found between 3:05 and 5:09.
Austin Smith owns shares of Google. Chris Hill and Eric Bleeker, CFA, have no position in any stocks mentioned. The Motley Fool recommends and owns shares of Google. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.