Yahoo isn’t the only company ramping up acquisitions in recent months. Apple is speeding up its rate of buying companies, too.
During the D: All Things Digital conference Tuesday night, Apple CEO Tim Cook responded to a question asking why Apple doesn’t use its massive cash pile to buy more companies: He noted that it has actually acquired nine companies since the fiscal year began in October.
“Pre this year, we were probably on a pace of acquiring maybe a company every 60 to 75 days or so, so we might get to six in a year,” Cook said. “This fiscal year, again starting in October, we’ve acquired already nine companies.”
SEE ALSO: Watch the Full Interview With Tim Cook at AllThingsD
However, the vast majority of these acquisitions have been small enough that Apple was not required to disclose them publicly. The only acquisition that Apple has confirmed in that time period is WifiSLAM, an indoor mapping startup. Reports circulated in October that Apple had acquired Color Labs, the struggling startup behind the video-sharing app Color.
In the interview, Cook mentioned that he wouldn’t rule out the possibility of making a major acquisition in the future. “We’re not currently looking at a big one, but we’re not opposed to doing that if it made sense,” he said. “The keys for us are would it help us make a great product and would the culture fit in Apple.”
Cook also poured cold water on rumors of Apple’s talks to buy Waze, a startup also reportedly in negotiations with Facebook for a $1 billion acquisition cost.
Source : Reuters
